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Non-Tech : Any Stock Warrants -- Ignore unavailable to you. Want to Upgrade?

To: John Anderfuren who wrote (279)	4/21/1998 9:08:00 PM
From: Richaaard	Respond to of 1916

I don't know what the float is on CFGIW but the total number of warrants out are 4.7 mil. I also expect this one to go up further. Small banks have done well across the country especially with the mega-mergers. I think most people prefer to deal with a smaller bank, and CFGI earnings may be an indication of that. With two new bank branches this stock should easily hit the $20.00-$30.00 range before the year is out, which would put the warrants at $7.50-$16.50......yikes!!! ....you might also want to buy the stock at expiration. Bank would raise $58,750,000 in this conversion. With a good game plan, they could do a lot with that kind of cash.