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Microcap & Penny Stocks : Tech Squared (TSQD)- Internet Commerce
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To: CYBERKEN who wrote (536)7/12/1998 3:02:00 PM
From: ayahuasca  Read Replies (2) of 2752
 
I am not using the percentage ownership of DRIV as a valuation measure for TSQD. I am only using it in trying to come up with how may shares will be offered. And this is the part I dont really understand. TSQD gets 4.8 million shares of DRIV, regardless of the percentage that is of the total shares issued. Agreed! But, if we use what we know right now to be the percentage stake that TSQD has (23%) then can extrapolate from that to come up with the total shares that would be issued right now (4.8 million is 23% of 20.87 million).
Now, if you look at IPOCentrals composite of the DRIV IPO it says that the total valuation is 40.3 million. Maybe I am misinterpreting this but if that means that the total value of the offering will be ~$40.3 m then we can take that number and divide it by the shares to be offered that we came up with above. That comes to $1.93/share.
Is that a way to estimate the potential share price offering.
I like TSQD very much but want to get a good handle on it. Also, I read that it generally takes 6 to 8 weeks for an IPO to be made public after the initial registration. DRIV made theirs on June 12th, so we are about 4 weeks into the process. Can anyone else confirm this timeframe?
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