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: DealMaker who wrote (857)	7/23/1998 5:01:00 PM
From: Snowforce	Read Replies (2) of 2752

Obviously the relationship between TSQD and DRIV is not a secret. The stock has moved from $2.25 to $5 in short order. Currently TSQD owns 23% of DRIV. It is worth noting that DRIV's CEO, Joel Ronning has his entire equity stake in DRIV through holdings in TSQD. DRIV is coming public tentatively some time between 8/6 and 8/10 at an expected offering price of $10-12/share (IPO dates are, of course, always tenuous). Lead underwriters are Alex Brown and Robertson Stephens with Bear Stearns as the third underwriter. If DRIV achieves a market cap of $300-450M, well within the realm of possibility given the strength of recent Internet IPO's and projected revenue multiples, then TSQD's stake in DRIV would be worth $6-9/share before giving any value whatsoever to the base business. And again, the security of TSQD's future is underscored by the fact that DRIV's CEO owns his DRIV stake through TSQD.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next