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Non-Tech : LL Knickerbocker(KNIC)/Pure Energy Corp

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To: Gerald Zubkoff who wrote (216)2/23/1997 10:10:00 PM
From: Brunello   of 1028
 
Here is a post from AOL that is right on the mark!!

Subj: Pure Energy Convention
Date: 97-02-23 20:53:22 EST
From: HHR110

On March 19 and March 20, an alternative fuel convention will be held at the Los Angeles convention center. Pure Energy willbe represented at this convention and Rick Andlinger and Ford Motors are expected to be present. Using the information presented last week on the KNIC conference call, a public offering of PEC is expected this year and Lou Knickerbocker stated that in his opinion, a 1.5 billion dollar evaluation is very possible. Assuming these numbers are achieved, KNIC which has a 38.2 percent ownership of PEC would result in a KNIC asset of 575 million dollars which divided by 18 million shares still allows for a valuation in excess of 30 dollars per share. KNIC may lose a part of their holdings on the public offering. On the other hand, this type of public offering could rapidly increase in after market trading resulting in a huge asset play to KNIC shares. The core business will give additional value to the asset base. In response to Invest 333 comments earlier today,Fran Daniels will make a quarter million only when KNIC exceeds 20 per share. She has options from the financing at 9dollars and 90 cents per share which are currently worthless.I expect a profit for the 4th quarter and not a loss as you suggest.If KNIC exceeds 8 dollars per share and the convertible bonds are exchanged for common, their will be no accretion unless held for two years.If converted and sold prior to 2 years , no charge against earnings should take place. Expect Pure Energy news to be made available prior to the convention date.
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