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Microcap & Penny Stocks : TASA. Can someone with KNOWLEDGE help!!!!

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To: tom r. phillips who wrote (280)3/30/1998 10:24:00 PM
From: Thomas Kirwin  Read Replies (1) of 601
 
Napkin Math Valuation

Guys,

We have numbers from the last press release so lets play with them. I see $8 million in additional revenue, pro-forma revenue growth of 350% in three years and EBITDA of over $3 million in fiscal 1999.

The stock valuation of TASA before the Drake Business Schools (DBS) acquisition announcement was a theoretical $1.60 - $2.00 as calculated by The Napeague Letter. I submit to each and every one of you that the value has jumped significantly.

The following 1998 projections or napkin math is based on current Napeague projections and the press release numbers.

Revenues

TNL ---- $7,167,000
DBS ---- $8,000,000

Total - $15,167,000

EPS

TNL --- $05
DBS --- ???

EBITDA

TNL/DBS - $3 Million

Approximate Shares Outstanding

8,499,000

To be continued......

I must sign off for the night and get some sleep.

Stay tuned - Same Server, Same Thread.

Regards,

Tom
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