Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 -- Ignore unavailable to you. Want to Upgrade?

To: John C. Breidling who wrote (439)	2/23/1998 2:00:00 PM
From: Harry_Behemoth	Read Replies (1) \| Respond to of 1755

Monday February 23, 1:44 pm Eastern Time Company Press Release SOURCE: Commodore Applied Technologies, Inc. Commodore Applied Technologies, Inc. Receives $5.45 Million New Financing from Parent Company NEW YORK, Feb. 23 /PRNewswire/ -- Commodore Applied Technologies, Inc. (Amex: CXI - news, CXIW - news) announced today that it has obtained an unsecured $5,450,000 loan from its affiliate, Commodore Environmental Services, Inc. (OTC Bulletin Board: COES - news). The company said that the intercompany, non-convertible 8% loan provides sufficient working capital to fund general corporate operations until early 1999. The loan is due at the earlier of a public or private financing netting $6,000,000 in proceeds or December 31, 1999. In connection with the loan, Commodore Applied Technologies issued a warrant to Commodore Environmental Services to purchase 1,500,000 shares of common stock at $10 per share. Commodore Applied Technologies also lowered the exercise price under an existing warrant held by Commodore Environmental Services for 7,500,000 shares of common stock from $15 per share to $10 per share. Following the transaction, Commodore Applied Technologies is 44%-owned by Commodore Environmental Services. Full details of the transaction are described in a Form 8-K that is being filed with the SEC by the company and will be available through the SEC's Edgar system. These materials contain forward-looking statements based on a series of projections and estimates regarding economics within our markets, the industries in which we operate, the effects of legislation and regulations, as well as business and competitive outlook. SOURCE: Commodore Applied Technologies, Inc.

To: John C. Breidling who wrote (439)	3/6/1998 5:17:00 PM
From: Charger	Read Replies (1) \| Respond to of 1755

John, yes I know exactly what that runup to $6.75 was.... I happened to have my eye glued to both the quote page and some chat rooms that day. If you remember the week or two before, CXI had been steadily ticking up from 3.5 to 4.5 etc. Suddenly around 5.5 or 6, cant quite remember, CXI was called as a "buy" in DTOL (Daytraders Online). A friend told me in a chat room that it had just been called and I could only think, "Oh my, I'd better get out of here ASAP", as when a stock is called as a buy in DTOL, the stock does a mad rush up and then crashes down. That is exactly what happened. I put in a market sell and got out right around 6 3/4. Then I waited for it to stabilize because the next thing that happens to a DTOL called stock is those that bought around 6.5 or higher are then disillusioned, angry, etc. and so they sell at a loss, not knowing anything about the stock really, just that they are "down" and ready to move on. Of course anyone watching the stock is now nervous. Do they dare buy in? Will it crash again from wherever it is now? And thus the daytraders/scalpers are born, taking their .06 profit out daily and making it look like the stock can't get anywhere which either further disillusions anyone thinking about the stock or makes people who bought in at, say 5, finally give up. To the best of my knowledge there is no negative information, nothing that we "should know but don't know", everything is progressing just as solidly as it ever was before with exactly the same fundamentals in place. At these prices I will average down and keep buying in. I think we have a winner here and patience is what is required plus continued word of mouth effort in getting people interested. Does anyone know anything that I don't know? Charger