Clearly Canadian Beverage Corp (CLCDF) Message Board

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Gold/Mining/Energy : Clearly Canadian Beverage Corp (CLCDF)

CLV 1.430

0.0%

Feb 8 3:00 PM EDT

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To: daaan who wrote (198)	1/13/1999 12:09:00 AM
From: Serge Collins	Read Replies (1) of 206

This deal reminds me of the deal that Xillix (TSE: XLX)struck last June with Miravant. At the time XLX was trading at about CND $2.10 and Miravant invested over $7 million in Xillix at $2.67 a share. What did the stock do? It quickly headed south and fell below $1. Today it trades at about $1.20. This deal has the negative factor of share consolidation thrown into the mix along with dilution. Most stocks that consolidate head south after such consolidations. In this case the company is trying to avoid being delisted from the Nasdaq National Market. What you have to be careful of is the deal behind the deal. How much was agreed to that shareholders will only find out about later, if anything?

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