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Microcap & Penny Stocks : XSNI - X-Stream Network
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To: Glenn Petersen who wrote (2451)8/2/1999 8:13:00 AM
From: donkeyman  Read Replies (1) of 3519
 
Glenn: Thanks.--You may be correct on the 15.2 million shares in the X-stream float, but don't X-Stream management own most of that float???that's where this 4 million or less shares traded on the open market figure came from I think??? It's still a low figure however you look at it. The good news for X-Stream is Freeserve has one hell of a lot of shares about 115 million. On day #1 of Freeserves IPO their market cap was around US$3.5 billion (115 million x US$31.00/sh =US$3.56 billion)?????. looks like we are in the ball park.?? X-Stream has about 1/3 Freeserves subscriber numbers of Freeserve, what % does X-Stream have of Freeserves share numbers trading on the open market???? IF they had 1/3 of 115 million = 38 million shares. Looks like they are below that number???The big question is how can X-Stream get a valuation of 1/3 of Freeserves high valuation ???(Freeserve closed Friday at US$38.00/sh x 115 million shares does that mean = US$4.37 billion market Cap??????--Can't be that high?? It's X-Stream we are hearing is going global not Freeserve, and let us not forget X-Stream owns G.O.D., all that should help X-Stream's valuation. More information however is needed from X-stream, but when you hold about 1/3 the subscribers of a FREE Internet company that's valued at US$3.5 to US$4.5 billion that gives a lot of hope.!!
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