SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : CXI-Commodore Environmental
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: hcm1943 who wrote (1255)9/30/1998 1:05:00 PM
From: Czechsinthemail  Read Replies (1) of 1755
 
The problem with the CXI/COES/CXOT transactions is that I'm sure they make sense from a Blum point of view, but it looks like robbing CXI to pay COES. I think swapping CXOT for debt at a time when both CXI and CXOT are presumably on the verge of significant contract announcements seems very questionable. It means giving up CXOT for very little at a time when the need for reducing the debt is less. Contract announcements would presumably lift the prices of both CXI and CXOT. That would suggest CXI could sell shares of CXOT down the road for more if they needed capital or wanted to reduce debt. Worst of all is the lowering of the warrant price, which dilutes CXI while robbing them of a considerable amount of capital they would otherwise receive by the exercise of the warrants at a higher price. It is hard verging on impossible to see the advantage to CXI in that one.

I hope that an SEC investigation or an independent fairness opinion can stop it.

Baird
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News