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Gold/Mining/Energy : Mainframe Entertainment (ReBoot/Beasties)

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To: Richard Lam who wrote (47)5/19/1997 2:09:00 PM
From: D.E. Shetland   of 459
 
I figured Gundy's analysts would be supportive, but I've never dealt with him/her. Given that they have not priced Mainframe's equity at a "gouge your eyes out" price (like any US banker would have), I would imagine most media analysts in Canada would like the possibilities of a Mainframe. Make no mistake about it, the current valuation is fair for the existing businesses (the 3 TV shows, IMAX RideFiles, Elec Art Game) and there are some risks like any entertainment company. However, why I like it is that you are not paying anything for the potential movie with Storyopolis and Warner Bros, let alone any of the other projects in the pipeline (more RideFilms, 2nd movie, 4 other TV shows etc...). At least we finally get the upside without paying for it.

In Canada, mucho money has been made investing in the quality animation companies early (Cinar, Nelvana).

I put those numbers down off the top of my head. I'll check them with my spreadsheet in the next day or so. Apologize if they're inaccurate
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