GLOW - Global Games, Inc. - Great Profit Potential ! Message Board

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Microcap & Penny Stocks : GLOW - Global Games, Inc. - Great Profit Potential !

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To: David W who wrote (3945)	7/1/1998 11:09:00 AM
From: David A. Irvine	Read Replies (2) of 8879

David W, I forgot to mention that the 0.20 EPS from licensing software to IGC was based on $10.3 million in net revenues. Back-calculating, that gives as average number of outstanding shares of approximately 52 million. Lets assume that the 20 million shares that were just cancelled were issued half way through last fiscal year. That means that the average number of outstanding shares will be 42 million. Now our estimated EPS from IGC ONLY is 0.25. That cancels the potential lose if ECS falls through. (NOTE: I have no information one way or the other about ECS.) Plus, the Burnt church deal, other casino management deals, other software licensing deals, and ECS (if it goes through) will now have a higher EPS since the 20 million shares were cancelled. This is a win-win situation. Better cover you short now. Not bad, eh? -Dave

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