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Jeff: That's big, big news! That looks like a great Freeserve valuation to me. What do those valuations mean anyway? How often have we seen some new company come on the Nasdaq with an IPO of US$15.00/share and before you could blink an eye, they were US$60.00/share. Up 400% ++. It's the shareholders, especially on day 1, that will determine the true value of a stock. After the first day many settle back, however I've seen others continue to forge ahead. I just watched a program on Amazon.com on 60 Minutes this week: that's a high-priced share at US$125.00/share. Isn't it interesting Amazon.com lost $125 million last year but that stock is an extremely hot item because people are buying into the future. In the FreeServe report it looks like, up to now, the valuation is based on the number of subscribers. If that's so, for the first time we might get some general idea of the value of x-stream. The beauty about x-stream is, not only do they own about 1/3 the numbers of subscribers of FreeServe, it seems like they're tied into a few other things like e-commerce and that big site, G.O.D. and NetHead and all this stuff. That could result in an even higher value for x-stream???? Looks like that July 12 date had some significance after all. You guys with the knowledge on the UK Internet, what's your thoughts on this FreeServe announcement? Imagine, putting in a market order when a company's IPO comes on the market. You could end up paying 5 or 6 times the price of the IPO. Only the chosen few can pick the shares up at the IPO's price. The small person doesn't stand a chance. |
