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Gold/Mining/Energy : MYT - Mytec Technologies

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To: JOHN RIXON who wrote (1063)7/9/1998 8:48:00 AM
From: Investor 007  Read Replies (1) of 1535
 
I agree that the give aways will not last forever but Bell could easily afford to give much lower cost monitoring, particularly if they can use their marketing clout to acquire market share. This will put pressure on other monitoring stations. On the whole though, I believe that niche players like Counterforce can survive, as long as they keep their dealers happy. Without them , Counterforce is toast. The comments made by Oss lately, give me some concern.

On the question of valuation, I did the math based on your posting and in the best case senario, Counterforce is worth about $1.50 per share. I called my Counterforce dealer on this and he said that Counterforce only gets half the revenue and the dealer gets the other half. He seemed to think that for this reason counterforce would likely sell for a price toward the bottom of the range (i.e About $1.00 per share.) Sounds reasonable, but I'm not in a position to confirm this with potential buyers. What do you think?

Also, if Mytec sell counterforce (which I don't think is planned) they would probably have some tax to pay, so the net to the shareholders would be even less than stated.
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