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Gold/Mining/Energy : Meteor Technologies
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To: The Barracuda™ who wrote (1882)8/27/2000 12:22:26 AM
From: Rise  Read Replies (1) of 2127
 
From the March 29, 2000 MMI tracker he put out. He actually mentions $300 Meteor. But not for another year. Take a look for yourself.

The following is from John Kaiser's Meteor Tracker on March 29, 2000. You can read the entire tracker at www.canspecresearch.com. Oh yeah. You may wish to subscribe. It is one way you can pay back the man that has put you into the only technology stock you may ever need to own.

"Meteor management has only a very vague sense about the degree that this
play is being watched. That there is a huge audience waiting in the wings
is only hinted at by the broad distribution of inquiries from the most
unlikely sources. What we do not know is how much capital these watchers
have at their disposal and how big their visions are as to what
Thoughtshare might be ultimately worth. As it stands now Meteor will have
about 35 million shares fully diluted, which will double to 70 million when
it acquires the remaining 49.7% held by Jim Miller and the founders. Add
another 15% for the options that will eventually have to be granted to
attract Silicon Valley hotshots who will take Thoughtshare into the big
leagues, and you have a company with 80 million shares issued. Throw in
another 20 million shares for the $100 million plus the company will try to
raise over the next year to bankroll the Thoughtshare marketing blitz, and
we have 100 million shares. That number certainly makes me choke, but
doesn't seem to have hampered stocks like Unique Broadband Systems Inc
UBS-V: $8.35) which ran from $0.60 last November to a February peak of
$17.75. Put the Thoughtshare story into the same market cap league as some
of Canada's other technology startup winners and you get a price target in
the $10-20 range. Then start thinking about Thoughtshare as a key building
block in the evolution of the Internet, throw in broker hotshots of the
sort who think a book four golf story might be worth $10 billion, and your
head starts to spin at the valuations that might ensue. When you consider
that Yahoo with revenues of $500 million and profits of $10 million has a
market cap of $100 billion, what's to stop the market from dreaming about
$300 Meteor? But, back to earth. Thoughtshare has not yet delivered a
commercial product and won't be in a position to attract triple digit
fantasy valuations for at least another year. I mention these fantasies to
illustrate the thought process that could drive the Meteor market after the
CDNX trading halt ends."

Go MMI go.

Rise
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