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Gold/Mining/Energy : Capital Alliance Group - CPT (CDNX)

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To: keith massey who wrote (169)4/1/2000 10:03:00 AM
From: AriKirA  Read Replies (1) of 960
 
Hey Keith

I noticed some of you were trying to give SEG an equitable valuation based on the recent financings and CPT's majority interest in SEG.

I found the following excerpt in the February 11, 2000 press release that might be of interest :

Upon the closing of this transaction, SEG's post closing value will be approximately $35-million (U.S.), as determined through consultations with the company's financial adviser and having regard to valuation methods developed for the Internet sector

Now, that means that their 78% interest at the time of the valuation was worth 25 million US (once we account for the 10 million financing)... which means that after taking into account the additional 40 million US to be raised their majority interest (52%) is valued at 16,6 million US

78% - 25 million US
52% - X
X = 16,6 millions US

That means that the SEG will be fairly and conservatively valued at approx 65 million US or 100 million Cdn. That's about 10 bucks Cdn a share fully diluted and the latter without even taking into account any of their other prospects.

Kind Regards
AK
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