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Strategies & Market Trends : CXI-Commodore Environmental
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To: KewlHand who wrote (746)5/3/1998 11:32:00 AM
From: Russel W. Kennel  Read Replies (2) of 1755
 
COES now has a much lower percentage ownership of CXI due to recent financing to support CXI. But it also has Lanxide specialty materials. The last time CXI went to $8 or so, COES was about $2. If CXI goes to $8 again, I would expect COES to go to around $1.25 which would be a 100% increase. The warrant would go to about $3.

The difference is that the warrants could eventually expire worthless in the year 2001, while COES is the stock, holding interests in several enterprises.

Russ
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