ICVI (now MTEI) Message Board

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Microcap & Penny Stocks : ICVI (now MTEI)

MTEI 0.00400

+66.7%

Nov 18 9:31 AM EST

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To: F Robert Simms who wrote (10065)	6/9/1998 9:01:00 AM
From: Devil's Advocate	Read Replies (2) of 11850

All we know from the company at this point: It is worth $2.85 per share based only on the land the have (not counting yesterday) Now, suppose that the company buys the new land (yesterday news) raising outstanding share. Then the company is still worth $2.85 per share. The increased number of share equals the value of the land. Now, suppose that the company pays the new land in cash. Then, we have a company that is worth a lot more with the same amount of outstanding share. In this case, assuming that the value of the new land is worth the value of the old one, the company is now worth $5.70 per share. Am I wrong here, anybody?

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