To the thread. Want to suggest everyone take a careful look at TSQD.
There is an abundance of DD on the TSQD thread at:
exchange2000.com
In short, TSQD owns 4.8M shares of DRIV, a hot IPO, which we are told is coming public on August 10, 1998. Underwriters include Banc America Robert Stevenson and Alex Brown. I believe Morgan Stanley is also involved.
There are 10M share o/s for TSQD, there for each share of TSQD is worth about .48 shares of DRIV (4.8M divided by 10M). DRIV is expected to offer about 3.6M shares (including over allotment) at a price of about 12.
DRIV is the premier seller of downloadable software on the Internet and had been announcing a number of new alliances lately (see Yahoo). The IPO and its after market should be very hot, considering the recent Internet craze. Some people are calling DRIV the Amazon.com of e-commerce software sellers. DRIV is not only a seller of software, it also has a patented and highly secure encryption process.
No one is sure just how high the IPO will go in the aftermarket, but one can get some idea from other internet IPOs such as SWNT, INKT, DCLK, NETG, etc. My guess is a minimun of 20 within a month of the IPO and we will probably see 40 or 50 within 3 months. Just a guess.
Now let's say the value of TSQD is 3 without its ownership of DRIV. If 1 share of TSQD = .48 shares of DRIV, then at 12 (IPO price), TSQD is worth almost 6 on its DRIV holdings alone. If DRIV is at 20, then TSQD is worth almost 10; with DRIV at 50, TSQD is worth almost 25 on DRIV value alone. Then add 2.5-3 for TSQD's inherent value.
Now it is true that TSQD is listen only on the OTCBB, so the market is bound to discount some of its DRIV value. However, the fact remains that at current prices, TSQD, despite its 25% gain today, is a very cheap way to participate in the DRIV IPO and aftermarket.
Check out some of the excellent DD on the TSQD thread.
You will need to go back a ways and pay special attention to the posts of M. Frank Greiffenstein.
BTW, Jane, have you noticed you have your very own impersonator on the IFLY thread? |
