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Non-Tech : Am.United Global, Inc. (AUGI)

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To: Michael Paul Langley who wrote (1618)3/30/1998 5:49:00 PM
From: Michael Paul Langley  Read Replies (2) of 2065
 
Verifiable Market Asset Value: March 30, 1998 (AUGI) per share

WPEC = $5.9375 * 2 mil shares = 11,8750,000 / 11,149,000 or $1.065

Techstar/IDF = $2.375 * 6,171,553 = 14,657,438 / 11,149,000 or $1.315

equals $2.38 market value per AUGI share X 20% reduction for a holding company = $1.90 per share. Further market value % reduction because of Augi's management is hereby noted. At this point Exodus, Connectsoft are liabilities and look dead while Augi is trying to sell Interglobe for its book value.

At least at the last bid today $1.687, JTechkid is in the black .7 of a cent (.007) on his overall Augi investment <ggg>


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