I put your numbers into a spreadsheet and compared them to what Winfield Capital reported at year end, 3/31. The spreadsheet didn't copy nicely into this message, but I hope you get the idea. The publicly traded portfolio is down about 25%, but the new IPO's show a nice $10,000,000 gain. Winfield Capital is down about $10,000,000 since 3/31, but they reported a $27 MM loss in the first quarter, so they could report about $17 MM or so profit this quarter.
We have not included Independence Brewing in the numbers. IBCO is selling at $ .06 /share, and the value was $ 3819 on 3/31.
Also, we don't yet know what new investments or sales WCAP has made.
Loans and Notes
Cost Value
As of 3/31/00 $6,708,130 $6,573,132
Repaid 432,000 432,000
Converted to Stock
$2,700,000 $2,700,000
Current Loans $3,576,130 $3,441,132
Equity Interests:
Registered and Publically Traded, 3/31 Original Cost Value at 3/31 Current Value
$12,881,170 $81,270,992 $63,844,756
Unregistered 3/31, now Publically Traded Cost Value,9/15
CPST Capstone Turbine $750,000 $10,065,234
SCRM Screaming Media $470,400 $ 1,451,820
SYNQ SynQuest $250,263 $ 405,519
USWDA US Wireless Data $500,000 $ 583,333
Total $1,970,663 $12,505,906
Unregistered Equity 3/31 Cost Shares
Bigfoot IMS $499,994 52,631 Preferred A
Cool Zone $200,000 40,000 Common
EoExchange $499,998 233,644 Preferred D
etang.com $500,000 60,000 Preferred B
HPA Monon $500,000 625,000 Convertible
HQ Global Workplaces
$58,500 65,000 Common (at Value)Homepoint $725,036 10,875 Preferred B
Internet Gift Registries
$500,000 50,000 Preferred B
MarketFirst Software
$999,908 938,881 Preferred D
myGeek.com 1,000,000 287,969 Preferred A
NeoPlanet $750,000 62,448 Preferred B
New York Restaurant
$163,278 16,920 Preferred A
Open Port Technology
$1,000,000 621,118 Preferred F
Open Solutions$2,620,000 281,116 Preferred F
Petroleum Place
$1,499,992 25,372 Preferred C
Pseudo Programs $500,000 462,963 Preferred D
TeraStor $500,000 485,437 Preferred E
Vivid Semiconductor (Value, 3/31 $550,000)
$1,650,000 440,000 Preferred E
Vivid Semiconductor (Value, 3/31 $99,208)
$250,003 79,366 Preferred F-1
Total Cost & Value, 3/31 $14,108,206 $13,076,414
Warrants, Convertibles, other units as of 3/31
Creative Foods $3,680 Warrant
Diversified Development Warrant
Dowling Residences $198,004 $198,004 Preferred Return Units
DRS Technologies $303,125 25,000 Warrant
Internet Gift Registries 60,000 Warrants
Total Portfolio 3/31 $35,866,173 $103,396,010
Portfolio as of 9/15 $92,868,208 |
