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Re: karins post# 38643

Wednesday, 04/21/2010 9:55:54 PM

Wednesday, April 21, 2010 9:55:54 PM

Post# of 94785
karins: the CNAM warrants are worth far more than $0.27 ! It appears that you have misinterpretted the Black Scholes options formula. I would conservatively value them at $1.50, but $2 is more likely. However that presumes no early call feature, which would significantly diminish their value.

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