Nuevo Grupo Iusacell (CEL) Message Board

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Technology Stocks : Nuevo Grupo Iusacell (CEL)

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To: slacker711 who wrote (46)	2/11/2000 1:18:00 PM
From: Rob Preuss	Read Replies (1) of 206

Welcome! Interesting (not dumb) question about the Market Cap. Info I got from www.stocko.com said the market cap was $780M as of the end of Q3 when the share price was around $10/sh... this would indicate that the market cap is now around $2 billion. I looked to their website for info on the number of shares outstanding (and EPS info, etc) but all I found was this statement in their Q3 financial report: Restructuring and Recapitalization Plan. In the third quarter, Iusacell completed its share exchange and rights offers. 99.9% and 95.5% of outstanding Series "D" and "L" shares, respectively, were exchanged. The rights offer received an 82.1% subscription rate, which resulted in gross proceeds to New Iusacell of US$12.9 million. At the expiration of the exchange and rights offers, New Iusacell successfully completed a primary and secondary share offering for a combined 125 million shares (12.5 million American Depositary Shares). As a result of these offers, Iusacell's public float increased by 14.7 million ADRs or 128%. Source: iusacell.com.mx All these different types of shares has me a bit confused. I'll ask StockMan this question. Rob

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