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Strategies & Market Trends : CXI-Commodore Environmental -- Ignore unavailable to you. Want to Upgrade?

To: Russel W. Kennel who wrote (747)	5/3/1998 2:08:00 PM
From: hcm1943	Read Replies (1) \| Respond to of 1755

the only way the warrants expire worthless is if the technology is a bust and if you believe that sell everything you own in this company and move on.

To: Russel W. Kennel who wrote (747)	5/3/1998 5:19:00 PM
From: KewlHand	Respond to of 1755

The lower COES ownership of CXI is all sleight of hand, part of the financing deal was to issue a bucketfull more warrants to COES, and to lower the exercise price of the ones COES were already holding. The net effect of which is that, COES has a lot of 'hidden value' in CXI and should the stock perform sufficiently for the warrants to be exercised, then COES will be firmly back as majority shareholder of CXI. Believe me, these guys are not short of a wits when it comes to creative accounting techniques. It does of course make COES a great long term bet, but my money (medium term) is on CXI.