Shells, from RB....the bold is my addition.
By: ShellGeek $$$$
Reply To: None
Sunday, 9 Jul 2000 at 3:16 PM EDT
Post # of 2624
THE SHELLGEEK RANKINGS AND ROUNDUP!!!
ShellGeek Rankings:
1 - LRSY - Best value on the board, good to accumulate
2 - TTXI - Has some equity, good to accumulate
3 - RINT - Very good value if you can buy inside spread.
4 - DOCU - Could be a real gem, need updated financials
5 - PMGIF - Very low shares outstanding, good to accumulate
6 - ENEI - Surprising value, very few shares available
7 - CHIP - RS coming, may be a shortterm bounce
8 - MMDI - RM coming, keep eye on this
9 - SNLV - watching
10 - AUGS - watching
11 - HVST - watching
12 - NIFI - watching
13 - AMDI - RM in play, sitting this one out.
14 - TSFP - Newly re-listed, expensive
Not rated at this time:
EKSIA - Dont really know whats up
BDRY - In Play, dont know details
Commentary:
Getting excited about Shells once again as some are returning to good value plays.
Shells can be very good investements, but one must be careful to evaluate the
financials of each shell. There have been some horror story experiences over the past
6 months which have even included one of stocks here (ENEI). Bottom line, Shells are
the great equalizer of the stock market, no one stock has any more innate value than
another. They offer a private company a chance to go public. Thats it! So a shell with
a market value of $10,000,000 is really no more valuable than a shell with a market value
of $1,000,000! Small investors never really know which shell is going to pop and how
valuable the property to be merged with is worth. What we can do is reduce our risk by
buying small pieces of the cheapest shells and waiting. You are far less likely to be hit
with a 1:100 or 1:1000 reverse split if you invest carefully. That being said, here are some
of the methods used to compute the rankings.
1) Primary, compute Market Cap of the stock minus the stockholders equity. The
smaller the number, the cheaper. Need to consider other classes of stock (Preferred)
in these calculations. Market cap has range due to bid/ask spread.
2) Consider listed stocks only with known financials. If you ask me Pink still stinks.
Over and over you see posts glowing about stocks and when the financials
finally come out they are less than impressive. We have little to go on, actuals
filings are one of them
3) Do factor in short term effects after the rankings, for instance, AMDI, MMDI and
CHIP all have RM's or RS's about to happen. Prices can be very volatile leaving an
opportunity to make or lose money shortterm. AMDI may run over the next week but
from a financial standpoint, it is WAY overpriced already. Dont be surprised by a 1:50
1:100 RS before the merge is announced.
4) Once an RM occurs , eg (NAIR-NARI), I typically stop tracking the stock as a
shell. However, often these ex-shells are worth looking at as they can be quite volatile
in price and may offer an investing opportunity.
5) Personally, I try to accumulate shells when their Cap-Equity is under 1,500,000 and
preferably lower. I will flip some when the price rises and re-buy to add even more
on dips. If the price rises to high (for me around 3,000,000) I will sell out and wait for
the dip to buy more. Once an RM looks imminent, I will hold some for the big one if
the financials still make sense or the entity that is being merged with looks juicy!
No responsibility taken for the accuracy of the calculations below. They
may contain errors though none on purpose. If you see any large errors, post
a message and I will try to fix it.
Roundup Capsules of Shells:
LRSY 0.62x.08 Approximate Market Cap-Equity $620,000-$900,000
10 Million Outstanding, 10 Million Authorized,
72% Approximate Insider Held
2.8 Million Approximate Float
1.2 Million additional insider warrants
$4,000 Approximate Shareholder Equity
TTXI 0.093x.13 Approximate Market Cap-Equity $643,000-$973,000
8.9 Million Outstanding, 13 Million Authorized,
58% Approximate Insider Held
3.7 Million Approximate Float
$184,000 Approximate Shareholder Equity
RINT 0.93x.21 Approximate Market Cap-Equity $415,000-$972,000
4.7 Million Outstanding, 25 Million Authorized,
49% Approximate Insider Held
2.4 Million Approximate Float
2.5 Million additional insider warrants(much higher price)
$15,000 Approximate Shareholder Equity
DOCU 0.187x.22 Approximate Market Cap-Equity ($200,000???-$1,200,000???)
3.5-4.2 Million Outstanding, 10 Million Authorized,
JUST SOLD OPERATIONS TO TAB PRODUCTS AND REPORTEDLY
HAVE UP TO $500,000 SHAREHOLDER EQUITY
However, no current 10K-10Q filing exists to confirm financial condition
after the completion of Sale to Tab.
PMGIF 0.07x.10 Approximate Market Cap-Equity $860,000-$980,000
4.2 Million Outstanding, 10 Million Authorized,
20% Approximate Insider Held
3.1 Million Approximate Float
($560,000) Approximate Negative Shareholder Equity
ENEI $2.00x$2.50 Approximate Market Cap-Equity $1,100,000-$1,350,000
560,000 Outstanding (including Pref.), 300 Million Authorized,
90% Approximate Insider Held
50,000 Approximate Float
$0,000 Approximate Shareholder Equity
CHIP 0.021x0.24 Approximate Market Cap-Equity $1,650,000-$1,750,000
34 Million Outstanding, 50 Million Authorized,
17% Approximate Insider Held
27 Million Approximate Float
($940,000) Approximate Negative Shareholder Equity
1:25 RS TO BE VOTED ON AUGUST 14.
MMDI 0.13x0.15 Approximate Market Cap-Equity $1.8M-$2.07M
13.7 Million Outstanding, 50 Million Authorized,
49% Approximate Insider Held
6.9 Million Approximate Float
Only ($22,000) Approximate Negative Shareholder Equity
Some legal issues, may work in MMDI favor
Letter of Intent signed June 1 for RM with Delaware Company
NO TERMS RELEASED.
SNLV 0.042x0.05 Approximate Market Cap-Equity $1,850,000-$2,200,000
44 Million Outstanding, 100 Million Authorized,
65% Approximate Insider Held
15 Million Approximate Float
$9,000 Approximate Shareholder Equity
AUGS 0.10 (Pink, relisting soon) Approximate Market Cap-Equity $3,100,000
15.1 Million Outstanding, 50 Million Authorized,
17% Approximate Insider Held
12.5 Million Approximate Float
$($1,600,000) Approximate Negative Shareholder Equity
HVST 0.035x0.04 Approximate Market Cap-Equity $3,000,000-$3,500,000
90 Million Outstanding, 300 Million Authorized,
44% Approximate Insider Held
40 Million Approximate Float
$100,000 Approximate Shareholder Equity
NIFI 0.04x0.06 Approximate Market Cap-Equity $3,800,000-$5,700,000
96 Million Outstanding, 100 Million Authorized
80% Approximate Insider Held
19 Million Approximate Float
($6,000) Approximate Negative Shareholder Equity
AMDI 0.11x0.12 Approximate Market Cap-Equity $7,125,000-$7,800,000
66 Million Outstanding, 75 Million Authorized
20% Approximate Insider Held
52 Million Approximate Float
$135,000 Approximate Shareholder Equity
RM HAS BEEN ANNOUNCED, NO TERMS RELEASED.
TSFP 0.08x0.15 Approximate Market Cap-Equity $11,000,000-$20,700,000
138 Million Outstanding, 200 Million Authorized,
69% Approximate Insider Held
49 Million Approximate Float
$30,000 Approximate Shareholder Equity |
