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.

Gold/Mining/Energy : CRL,100% growth, EPS of .04 6months .39 stock -- Ignore unavailable to you. Want to Upgrade?

To: Ciao who wrote (87)	5/17/1999 7:28:00 PM
From: M. Merriam	Read Replies (2) \| Respond to of 177

Ciao, For their .95, they also get half a free warrant. As the warrants are almost in the money (and the stock is trending upward), I think a reasonable estimate of their fair value might be .30 each or .15 for half a warrant. So, at today's closing price of 1.20, they would get about 1.35 worth of securities for .95. That's an over 35% discount. (And think what will happen to the value of those warrants, if the stock doubles, as I think it might, within the next year. Overall, a pretty sweet deal.) Why didn't they finance through debt, or why didn't they let all shareholders participate through a larger rights offering? Don't get me wrong--I'm still positive on the company. Just sharing my thoughts. Mike

To: Ciao who wrote (87)	5/18/1999 9:33:00 AM
From: Ross Orr	Read Replies (1) \| Respond to of 177

I am a partner with CEF, a merchant banking group in Toronto. I found the year end earnings in the paper 2 months ago and took a sizeable position in the stock because it was so cheap. With regard to, the pp, it should be understood that the buyers were paying market prices but they were still getting it for 5.5X 99 earnings. The issue went like hotcakes and was oversubscribed from what I understand. From conversations that I had yesterday with people that were at the meetings, the story was well received. Hopefully we will get some analyst reports on the company. Ross Orr