Capital Alliance Group - CPT (CDNX) Message Board

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

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To: AriKirA who wrote (193)	4/1/2000 6:41:00 PM
From: keith massey	Read Replies (2) of 960

Ari I took the news statement to mean that CPT's 78% stake in SEG is valued at approximately $35-million (U.S.) but I see your point, it could be interpreted the other way. By my math if 22% is worth 10 million US than CPT's 78% would be worth 78%/22% = 3.545 * 10 million US = $35 million US.... the value quoted in the news release. The IPO price will be set based on the $40 million US financing not on the $10 million seed capital. The IPO price will be $40mill/~25% of the shares outstanding. So on the day of the IPO CPT's stake will be 51-52% of the shares outstanding times the IPO price. I think this is the proper way to do the valuation and this gives you the approximate $130 million US ($190MCdn) in asset value. Of course this is without any oversubscription or how we perform on the GEM. Are you getting the feeling that the next 6 months are going to be fun <ggg> Best Regards KEITH

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