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Gold/Mining/Energy : Windstar [WSRI], formerly Turtle Mountain
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To: Alan Vennix who wrote (94)12/5/1999 7:45:00 AM
From: Richard Mazzarella  Read Replies (1) of 148
 
Alan, thanks for your reply. I'm assuming that the principals owns most of the shares. They can't sell for 90 days (Dale told me that). Where does the MM get his inventory? How many MMs are there? I'll readily admit that I can't substantiate my assumption of 100k, but then let's assume 500k? Even 1MM? That's still a very small float for any stock. I think your figures are fully diluted, as they issue what's been authorized.

Can we back into it? I seem to remember a comment from a past shareholder meeting of there being ~250 Maxam shareholders besides insiders? Lets assume that each held 160,000 shares for the dividend. That's a Windstar spinoff of 250k shares free trading.

The two things that concern me most is what happens after 90 days and how many shares will be required to pay for the merger, however the merger shares will probably also be restricted. IMO we still have a couple of months to attempt valuation of the new company. Too bad we don't have an expert in networking hardware stepping up to help us. That's what happens when a mining company goes internet. <VBG>

I have seen some consensus on the threads for valuation of Windstar simply on the $0.033 presplit valuation. That would give us a stock with a post split value of $8.25. However, is the new company now worth more? Probably since they have products to sell, the past Windstar was not economically mineable IMO. Is the stock worth even more than simply the capitalization based on current products? Maybe? How did they value AOL? Comments anyone?
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