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Microcap & Penny Stocks : Tech Squared (TSQD)- Internet Commerce

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To: majaman1978 who wrote (494)	7/6/1998 9:28:00 AM
From: M. Frank Greiffenstein	Read Replies (6) of 2752

Let's take INKT as an example... Mark, let's look at CNGR and INKT. CNGR owns 222K shares of INKT. INKT jsut hit $48 a share. That works out to 10.5 million, or just north of $1 of INKT market value per CNGR share. I am underwhelmed. Now, lets say DRIV hits $48 a share. That means TSQD would hold $230 million worth of DRIV stock or $22 per TSQD share. Factor in a 25% haircut (the market will discount the stock holding) and you are looking at $16.5 per share. DocStone

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