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Microcap & Penny Stocks : ISGI ANYONE????

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To: craig poppe who wrote (1679)8/24/1996 9:12:00 AM
From: Bob P. Lewis   of 2665
 
Craig: Without any comment on your 220,000,000 number, please let me suggest that you investigate the range (low to high) and average (arithmetic mean) of what large LD companies are paying to acquire others.

IMHO, you'll find that the range is 1 1/2 to 3 times the ANNUAL REVENUE of the acquired company. And ISGI is more than just an LD company!

Please also note that the former shareholders of TWT took well over 1/2 of their ISGI preferred stock into Trust Funds for their children, parents, nephews, neices, etc. Doesn't sound like any plans to exit when they/we are eligble to convert to common... and many of those preferred shares are contingent upon performance and can't be converted for 24 months... and have to be paid for by holders to convert.

Fellow Investor,

Bob
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