MACE (Mace Security International) Message Board

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Microcap & Penny Stocks : MACE (Mace Security International)

MACE 0.0157

-6.5%

Dec 6 4:00 PM EST

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To: gcrispin who wrote (55)	6/9/1998 11:11:00 AM
From: J R KARY	of 143

$6.8 mln cash from AHI equals 40 % of assets plus A/R at $2 mln Used some Kentucky windage . 40 % of 7 mln shares comes to 2.8 mln shares therefore the AHI payment values it at or about $3/shr AHI's $6.8 mln has been adjusted to about $6 mln but book value is nebulus due to continuing depreciation etc. MACE , after collecting the A/R and paying bank debt , will have about $6 mln disposable for expansion . A tidy sum for MACE's COB Marvin Brown to use his acquisition creativity with to find MACE more profitable ventures. Regards, Jim K.

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