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Technology Stocks : Clearnet, the Canadian wireless play (CLNTF) -- Ignore unavailable to you. Want to Upgrade?


To: Mr. G who wrote (153)2/2/1999 8:56:00 PM
From: Poseidonas  Read Replies (1) | Respond to of 214
 
Zeus and ALL *****Comment on National Post Article *****

We finally got our message into the Post. Too bad offer price ($21) and asking price ($30) were not mentioned.

Clearnet's asking price of $30/share will be achieved and here is why:
Clearnet has been pushing the government to consider lifting the foreign ownership restriction currently existing in the Canadian cellular phone industry. If they are successful, then the doors will be open to huge American companies bidding on companies such as Clearnet.
$30, $40, $50/share the sky is the limit if this takes place; therefore, Clearnet's selling price of $30/share will be achieved.

Once the press is informed that the issue of foreign ownership is being considered by the government, you will see Clearnet purchased very quickly at $30 (if it hasn't been sold yet).

Poseidonas