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Non-Tech : LVEN:NASDAQ--Las Vegas Entertainment Inc.
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To: jay goldberg who wrote (12)10/8/1999 10:38:00 AM
From: John J. O`Reilly  Read Replies (1) of 228
 
Jay,
The lv sun online lasvegassun.com (go down the front page and type in LVEN in the search box to get the story) says that the two investors have 64.7% control of the company. That would mean the company has 18.5 million shares outstanding as .647 times 18.5 equals 11.95.
Add the 305 million from the from the trusts purchase of
3 million shares make the co worth 495 million. Divide this by 18.5 shares outstanding and get 16.5 per share.
That 3 million shares is confusing. Don't want to add it on to the 18.5 as it would mess up the 64.7% value.

Best Regards,
JohnnyO
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