Cinema Rides (MOVE) Message Board

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Microcap & Penny Stocks : Cinema Rides (MOVE)

MOVE 5.230

-8.7%

3:56 PM EST

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To: Candle stick who wrote (17)	8/30/1996 8:58:00 PM
From: baystock	of 75

Candle, This is a delayed response/critique to your extensive analysis of Aug 2, starting with an exerpt from your post: << Now both the other sites in Vancouver and Las Vegas make enough to cover all their expenses and still show a tiny profit, so that 1.7 million divided by 1.7 million shares outstanding = 1.00 / share earnings. This could very well be a 10 dollar stock you are looking at. It will take just 2 quarters of earnings for the street to realize the value here. This truly has 10 bagger or more written all over it >> In addition to a previous post questioning the $7 per ride figure used in your analysis, my main contention is your use of 1.7 million shares outstanding. The company's 10-QSB for the quarter ended June 30, 1996 states that there are 4,570,000 common shares outstanding. There also could have been more issued subsequent to June 30 to finance the latest project in TSQ, and maybe convertible debt or preferred shares. I really don't know what the fully diluted shares outstanding is, but this considerably changes your stock price projections even if you use the 4.6 million share number as of June. Ram

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