Prime Medical Systems, Inc.(PMSI) Message Board

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Biotech / Medical : Prime Medical Systems, Inc.(PMSI)

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To: rrufff who wrote (207)	9/25/1999 5:57:00 PM
From: Cal Gary	of 210

Why the high price paid for "Prime Medical Services Inc. Enters Rapidly Growing Refractive - LASIK - Surgery Business"? (August 30, 1999) The news release pegs each clinic at at $7.33 Million USD. ( x = $8.8 mill / .60 / 2 clinics ) Check out GBV on TSE and check out the following link: www2.techstocks.com GBV has six clinics in Canada, three centres in the United States and four centres based outside of North America. They are the only profitable (positive net earnings) traded laser eys correction company that I know of. GBV Market Cap = $C 25.8 million at $1.10 per share or GBV Market Cap = $USD 17.5 million. Using $usd 17.5m / (6 Cdn clinic + 3 US) = $1.94m per GBV clinic. $usd 1.94m vs $usd 7.33m ?? PS BTW, stumbled onto PMSI because of the news release, but their business model has me very interested in PMSI. I'll do more DD.

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