Tech Squared (TSQD)- Internet Commerce Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: CYBERKEN who wrote (529)	7/12/1998 12:36:00 AM
From: ayahuasca	Read Replies (2) of 2752

I am probably off base on this but this is what I see regarding the DRIV IPO and TSQD. The value of the offering according to IPOCentral is $40.3 million. I take that to mean that, however many shares there end up being, the total outstanding shares x the share price must = $40.3 million. That is the first assumption where I could be wrong. But let's go ahead. If TSQD has rights to 4.8 million shares of DRIV, and that is currently a 23% stake in the total offering, then it follows that there must currently be ~20,870,000 shares ready to be offered. That is assumption #2. Now if we take the total $ amount of the offering (40.3 miilion) and divide it by the # of shares being offered (20.87 million) we get $1.93/share. Is that right? Can't imagine it is, seems too simplistic. But if it is, then 1.93 x 4.8 mill = 9,264,000.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next