SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: shades who wrote (23899)12/5/1997 10:02:00 AM
From: Eric Maggard   of 55532
 
Let me ask you this, when the merger goes through and they do have water(PURE WATER), what do you think will be a fair value for this stock, $20-$25 maybe?

Without the squeeze, I would say that the shares are generously priced. Here is how I figured it: Book Value is about .57. I took assests being the $5 cash and $2 mil for the rest. I didn't include the $14 mil, because that is very iffy. Then I get 12.2 Mil shares outstanding after the merger (3.3 current, 6.4 for RMCW, 2.5 for $5 cash). That gives you the book value. The stock then is 3x book value which I would say is generous for a company that doesn't have very much revenue. Once they get $12 mil is sales, then the stock would be fairly priced at the current price, IMO.

Have a good day,
Eric
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News