Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: SargeK who wrote (50536)	9/11/1999 7:43:00 AM
From: SargeK	Read Replies (1) of 95453

Judge Allows HMARQ to continue Normal Business Operations “WILMINGTON, Del., Sept 10 (Reuters) - In a Chapter 11 bankruptcy filing in the U.S. Bankruptcy Court in Delaware, Hvide Marine Inc. (Nasdaq:HMAR - news) listed assets of $974.4 million and liabilities of $805.9 million.” biz.yahoo.com For the Quarter ending 6/99, HMARQ reported 15,553,041 weighted diluted shares. Stockholders equity (SE) derived from assets/liabilities noted above is $168.5 million. SE of $168.5 million divided by the number of shares outstanding indicates a BOOK VALUE of $10.83 per share. For the nabobs who think Hvide Marine is a dead duck, think again. My previous SE estimate of $150m to $200m appears to have been accurate. I placed my bets on SE and the resulting Book Value calculated “Guesstimate”. Trading was obviously curtailed by NASDAQ and with good reason. I presently have 24k shares with $12943.75 worth of stock chips (.539 per chip) in the game. SPIN THE WHEEL!!!!!!! SargeK VEGAS OSX120 GALA.... If I don't at least double my money on this bet, I'll stay home. If I can't win with these cards I don't need to be in VEGAS.... >vbg<

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