WCAP - Winfield Capital: Insider buying Message Board

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Microcap & Penny Stocks : WCAP - Winfield Capital: Insider buying

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To: brad greene who wrote (1281)	11/5/2000 2:34:21 PM
From: brad greene	Read Replies (1) of 1305

Q1 Results Coming Nov. 13 All WCAP, Read this post slowly......<ggg> WCAP closed at $9.00 per share on Friday...Market cap of about $45 million. As of June 30..(end Q4)...WCAP reported a book value of about $13.00 per share? This was based on CMRC closing at $45.00 per share on June 30. Q1 ended September 29.......CMRC closed at $78.50....33 points higher than the June 30 close. WCAP has about 700,000 shares of CMRC. (33 x 700k = 23.1 million) WCAP should show a gain for Q1 of $22+ million on their CMRC investment alone. ($4.00+ per share) And back on June 30.....when CMRC closed at $45.00....WCAP closed at $12.25 per share. So while CMRC was going up 33 points.....WCAP has fallen 3 points. This represents a $7.00 divergence....shareprice/book....and has WCAP trading at a historic discount to book value....more than 50%....and most (85%?) of that book value is CMRC stock...and Cash. Watch for the Q1 results......I have a feeling they will show a big jump in asset value......and it will effect the stock. Just my opinion. bg

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