MECHANICAL TECHNOLOGY (MKTY) Message Board

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Microcap & Penny Stocks : MECHANICAL TECHNOLOGY (MKTY)

MKTY 12.23

+4.4%

Nov 1 5:00 PM EST

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To: Fisherman1 who wrote (418)	10/19/1999 9:42:00 PM
From: songw	Read Replies (3) of 542

Correct this if you see an error MKTY owns 13.7M shares of Plug ostman.com If PLUG opens at an extremely conservative 25, MKTY's 13.7M shares will be worth $342M (25 x 13.7M= $342M) There are 10.8M MKTY shares outstanding. If PLUG trades 25- each MKTY share is worth 31.70 in PLUG stock, absent debt and taxes. (342M divided by 10.8M shares) Obviously the value of MKTY's shares increase if PLUG does. At PLUG trading 40, a more likely scenario given Goldman Sachs involvement, MKTY's 13.7M shares are worth $548M or $50.70 each in PLUG stock. Clearly some bought ahead of the ipo and will sell the shares into interest- but shorting? Unless I'm missing something thats a huge gamble- what have i missed?

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