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Gold/Mining/Energy : XVNvestors Forum

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To: Gerry Merz who wrote (4399)11/11/1999 8:45:00 PM
From: Montana Wildhack  Read Replies (2) of 4742
 
Gerry,

I mean the number of XVN shares outstanding.

If its 36 million (I think its a bit less), then
we already know that just licensing the patent makes
the XVN shares worth 1/18th (2 million DVDT/36 million
XVN outstanding) of a DVDT share.

This is what XVN is worth break up value to us. Thats
because they have no liabilities or other tangible
assets. So if XVN closed its doors and distributed its
value to shareholders, the XVN shares would be worth
nothing. But we would have one DVDT share for every
18 XVN shares we had.

That makes XVN worth 2 divided by 36 times 1 7/8 times
1.47 exchange or about 15.3 cents a share.

This is book value or break up value of the shares as
valued today.

Thats why I want to know the full number of shares of
XVN outstanding. To get the right numbers.

I said 20 to 40 to one earlier today. But I was wrong.
Book value is already about 18 to one.

I would expect ownership versus licensing and any other
values DVDT can get ( including Canadian and northwest
distribution)would make it worth more. If they buy XVN, DVDT gets that back. Thats not worth a ton but everything counts.

Now that I've spent time on this, I guess between 10
to 15 XVN for every DVDT or the equivelant cash.

I'd welcome any other opinions. The book value
calculation seems solid to me.
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