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Microcap & Penny Stocks : XSNI - X-Stream Network

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To: Jon C who wrote (3496)3/12/2000 9:46:00 AM
From: Glenn Petersen  Read Replies (2) of 3519
 
"ACTIVE registered users only 73,000 in UK and 40odd thousand in the rest of territory."

Another piece of the puzzle filled in. Assuming 59.8 MM shares outstanding (correct me if I am wrong), the $1.26 offer values the company at $75.348 MM. Each of the active subscribers is being valued at approximately $667. FREE's active subscribers are being valued at $4,700 to $5,000 each, but, given FREE's dominant position and financial muscle, I would suggest that a premium is appropriate.
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