I was playing around with some numbers wondering what would happen to iTech's bottom line assuming both Medsite and Elastic Networks go public in the near future and iTech liquidates holdings 6 months after the IPO's (not factoring in reinvestment of funds). This is what I came up with. I'm curious to know what others are expecting. I still haven't sold any shares, and refuse to do so until things develop further. Of course, none of this takes into account Environmation, Bizfon, Horizon Live, ADS, Loma de Niquel Holdings, or any new investments coming down the pike.
For what it's worth:
Weighted average number of shares outstanding:
27,800,000
Medsite: Purchase dates 6/18/1999; 12/10/1999
Number of Shares: 220,466
Total Cost: $1,688,177 Canadian; $1,164,842 US
Hypothetical stock price six months after IPO: $12-$25
Hypothetical value six months after IPO: $2,645,592-$5,511,650 US
Hypothetical value six months after IPO: $3,836,108-$7,991,892 Canadian
Minus Purchase Price: already booked as long-term investment last fiscal year
Rough EPS: .137-.287 Canadian
Elastic Networks: Purchase date 2/14/2000
Number of Shares: 281,479
Total Cost: $2,175,000 Canadian; $1,500,000 US
Hypothetical stock price six months after IPO: $20-$40 US
Hypothetical value six months after IPO: $5,629,580-$11,259,160 US
Hypothetical value six months after IPO: $8,162,891-$16,325,782 Canadian
Minus Purchase Price: $5,987,981-$14,150,782 Canadian
Rough EPS: .215-.509 Canadian
Total EPS for both: .352-.796 |
