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Microcap & Penny Stocks : DIAMOND EQUITIES DDEQ
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To: The Saint who wrote (326)6/8/1999 2:12:00 AM
From: BIGFRED  Read Replies (1) of 1143
 
Hi Saint:

I love CMGI and own 450 shares of it. That is why it is easy for me to understand the money making machine that can put IPO'S in the market. Even if the market cools off for the internet, the book value will go up. CMGI is keeping all the shares and is not giving any dividend. They have about 93 millions shares and are worth over 10 billions market cap. I am not aware of their current book value, they are reporting June 11. Let's analyze it then.

DDEQ, you said 30 PE times 11 dollar book value = 33 dollars.
(the math is 30 * 11 = 330 not 33). I would be very happy with a 2 PE.
2 * 11 = 22 dollars.

If DDEQ decides to keep all the GOPROFIT shares a PE of 2 * 7 dollars book value = 14 dollars of DDEQ. Let's wait until we see a press release. Is it also possible that they will keep the dividend in your name, until a restricted time has gone by, to protect GOPROFIT stock from collapsing?.

I own over 10k of DDEQ and I am currently having fun. However, I got hurt dreaming and try to stick to the facts. Your scenario is possible but there are many other scenarios. One thing for certain is that DDEQ will go up until the GOPROFIT site is launched and or press release with news. Then all bets are off.

Love your enthusiasm and I was also thinking today when we went over 5 dol per share that a Nasdaq announcement could be in the cards in 1 month. When will those preferred share convert?.

Good luck for us longs.

Fred
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