MCLL Metrocall Message Board

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Microcap & Penny Stocks : MCLL Metrocall

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To: Street Hawk who wrote (117)	2/5/2000 12:22:00 PM
From: peter michaelson	Read Replies (3) of 266

streethawk, I think I read in the filings that the new investors also have options to purchase another 20 million shares at $3. Ladies and gentleman, we have 100 million shares. This is of course why the recent shareholder vote authorized up to 200 million. We should follow those authorizations as an early clue I guess. So, in order to have a realistic value of $10 per share, the enterprise needs a value of $2 billion. Shall we be generous and say that means an operating profit of $100 million someday. Revenues of $1 billion or so? When is that gonna happen? 4 years? Don't forget to discount for time value of money. I'll bet you that Hicks Muse did this, in the final analysis, because they knew there was a good chance of this immediate spectacular run-up, and wouldn't have done it for purely fundamental value reasons. Why do we think they would even bother with a $17 million investment? Indicative too is the 'green shoe' options, a doubling of the number of shares to each cash investor. If they were really investing, they would put the money in and help execute the strategy. peter

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