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IIE:CA > incidental barometer?

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Post by Red_Corundum on May 04, 2007 12:33pm

incidental barometer?

kmd is the president of consolidated agx (csx). she is negotiating with iciena. as far as i know, the negotiations are still going on. however- according to stockhouse the sp today went up to .89 on 35,000 shares. bid/ask .85/.93 . this is a new high.

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Comment by oilydischarge on May 04, 2007 1:53pm

Yes we have 20% with CSX, but don't we have more land in Brazil with Dr Fipke? So shouldn't the price be closer to CSX? We are close in # of shares outstanding...

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Comment by Red_Corundum on May 04, 2007 2:08pm

oily, i was only using the incidental barometer as an indicator that the meetings are possibly coming to a successful ending. thus we start going forward with news releases, etc. i do like your comparable idea of iie being of equal value of csx @ .89 cents +/- a few cents. but with the new shares coming out in 2+ weeks dampens my immediate optimistism. as others have pointed out- perhaps ...more

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