MCLL Metrocall Message Board

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Microcap & Penny Stocks : MCLL Metrocall

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To: Dako who wrote (113)	2/5/2000 11:25:00 AM
From: Street Hawk	Read Replies (1) of 266

MCLL is still going to have to pay off all its debt. This new venture will not generate the positive cash flow to save them. I am really glad that I came upon this stock, since it does remind me a lot of IRID, not as dire, but still the company is in deep doodoo. Not only that, but the dilutive effect of the 3 investors and AT&T is tremendous. The 3 investors add a total of 23.3 million shares @ 2.19 to the mix, and AT&T conversion adds 13.2 million shares. That is 36.5 million shares added to the existing 41.9 million shares. That is tremendous dilution. So the total outstanding shares is now ~78.4 million. So in fact, most financial sites have not adjusted for this. MCLL's market cap is now 78.4 x 11.625(Fri. closing price) = $911 million. (What a coincidence, 911=emergency=MCLL) Not the $487 million shown on Yahoo's site. It is absolutely amazing how absurd the run-up has been for such a struggling paging company who announces a new strategy. We'll see $5 soon enough, it will require patience, shorts.

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