More CXXI Observations While we await more positive news flow coming out from CXXI, there are a few more things I wanted to point out to everyone. Firstly the money raised from all the warrants will allow the company to payoff their final major liability that needs to be dealt with. The tax debt that is owing. That means the balance sheet is going to pristine with only the long term debt owed to sonny which can be serviced from existing cash flow. Secondly the consolidation of the industry is coming. I keep saying that cxxi has a great platform for expansion in Nevada but the company is also a takeover target. I have recrunched the numbers. Even without SAFE and MORE and the non dilutive debt deal, I think the company is conservatively worth C$3.50 to C$4 now.