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Jon C,--It looks like when they try to put a valuation on an Internet Service Provider (ISP), it's based on the number of subscribers. But in the case of x-stream where they own Net Head and G.O.D., they might even get a higher rating. SG Securities in a recent News report, put a value of US$3,500 per user on FreeServe, if the same value was put on X-stream's 350,000 users, we would be looking at US$1.22 billion (Cdn.$1.8 billion). I would imagine the number of shares outstanding would determine the actual share price. I find that very encouraging because Bid.Com an Internet company with 50 million shares outstanding (40 million in the float), was under the valuation price that I just stuck on x-stream, and that's when BID.COM hit their high of Cdn$33.70/sh.. For example, if X-Stream were to get such a valuation as stated above, and went on the market with half the Bid.com shares, (25 million) would that mean their share value would be double of Bid.com?? 2 x Cdn.$33.70 = $67.40/share.?? I would love to have some comment on those points. |
