Tokyo Joe's Cafe / Societe Anonyme/No Pennies Message Board

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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies

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To: Yellow Jacket who wrote (1257)	7/31/1998 10:09:00 AM
From: Gator	Read Replies (1) of 119973

If WCAP owns 1.7 million shares of COOL, then their valuation if the COOL IPO comes out at $18 is: 1.7 mil x $18 = $31 million + $14 million initial investment = $45 million. $45 mil/5 million shares outstanding is $9/share. Assuming COOL opens higher (CNBC is saying $24-$30), then: @ $24, valuation is $11/share @ $30, valuation is $13/share. These valuations don't include other investments/business that WCAP is currently involved in, and assume that WCAP would trade at only 1 x book. Gator

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