IFTP.. .15x.155 up 37% 3 Major prs were out Fri. inside Message Board

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Non-Tech : IFTP.. .15x.155 up 37% 3 Major prs were out Fri. inside

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To: scion who wrote (61)	1/25/2001 10:55:42 AM
From: scion	Read Replies (2) of 97

More questions on RB... ragingbull.altavista.com By: DC-Steve $$$$ Reply To: 218582 by LBJ_n_Aruba $$$$ Thursday, 25 Jan 2001 at 10:46 AM EST Post # of 218677 LBJ, thanks. Good to see someone knows how to do DD (I surely don't). So, this means that MMLD is not worth anywhere near $38 million, which leaves our rotund CEO with a bit of explaining to do regarding his claims about what MMLD means to IFTP's value. MMLD COULD issue all of its remaining 15 million remaining shares and give them to IFPT and it still wouldn't add up to $38 million even if the share price didn't drop to reflect the 150% dilution (which, theoretically, should reduce the share price to about 80 cents per share making IFTP's 15 million worth about $12 million or $26 million shy of the CEO's claim). Does this make sense or am I leaving some possibilities out of this estimate?

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