Gorilla Game Investing in the eWorld Message Board

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Strategies & Market Trends : Gorilla Game Investing in the eWorld

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To: MulhollandDrive who wrote (1602)	3/16/2000 7:10:00 PM
From: Teflon	Read Replies (2) of 1817

Another thing that caught my eye: ICOM issued 4.6M shares for $27.6M which assumes a $6 per share valuation for ICOM. Considering the fact that ICOM issued shares at $2.4 per share only three months earlier in January, there must have been convincing items that substantiated the company increasing its valuation so dramatically over such a short period of time...and items that the institutional investors were comfortable with in making this investment decision. Any institution underwriting this investment must have found convincing achievements in the operational execution of management that helped get them comfortable with the valuation. I'm thinking the company may be having a very good Q and/or has locked up some large contracts that essentially guarantee a vastly improved revenue stream over the remainder of the year. We shall see... Just some more of my random thoughts on this issue. There's probably more to follow! Teflon

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