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Gold/Mining/Energy : Alternative Fuel Systems ATF:VSE
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To: Ally who wrote (619)4/1/1998 9:56:00 PM
From: bc  Read Replies (1) of 4605
 
Hello Denise:
<Let's say AFS is successful in selling 10,000 Sparrow systems to Mexico next fiscal year. This gives a revenue of $20mill. In order to finance this kind of growth, AFS will have to do a large share issue... say, 5 mill shares. Add this to the 25 mill shares
now o/s, and assuming 7.5 x revenue, the market value calculation is $5/shr.>

ATF already has $2 million in the bank from this deal and will be paid as they go. There is no need to do an equity placement and dilute shares as you have indicated. Also you have discounted the possibility of four other cities in Mexico which were named in the release.

Regards,

Bonnie
ps. As part of your 'due diligence' have you talked to the company? You might want to ask for Gerry Klopp.
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