ETPI-Military Entertainment Enters Civilian Market Message Board

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Microcap & Penny Stocks : ETPI-Military Entertainment Enters Civilian Market

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To: Toby Zidle who wrote (4731)	10/1/1999 7:56:00 AM
From: Kelly Igou	Read Replies (1) of 4767

Toby - There has been no CFO. That's part of the problem. Doug's been trying to wear too many hats. If my math's correct, if ETPI draws $3.5 million, it can be covered by the value of the stock and the warrants when the stock reaches 1.70. Not counting added shares due to dilution/exercise of warrants: value of deal = (value of stock) + (value of exercizable warrants) Value of stock = 3500200$1.70= $1,190,000 Value of Warants=35001000($1.70-$1.00)=$2,450,000 $1,190,000 +$2,450,000 ========== $3,640,000 Still good for everybody. Is the math correct? An indication of high relative short-term value coming from the investment group. Say 24 months?

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