POKR - Casino Air - Real Gamble? 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 : POKR - Casino Air - Real Gamble?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: blash who wrote (432)	9/20/1998 7:31:00 PM
From: blash	Read Replies (2) of 609

I've spent more time reviewing the Form 10 and realize that I misstated some facts. Presently there are more than 19 million POKR shares. Since the merger value for these share will be about $12 million, this computes to $0.62/share. AVIA's shareholder equity is about $7.9 million. I had short-changed this # by about $1 million because I subtracted a million in long term debt only to discover later that it had been paid prematurely. The documents are very detailed and, I think, quite revealing. It gives me great comfort to know that AVIA has assets without debt and POKR is a profitable company that continues to grow. Projection for POKR in 1999 is a 25% increase in revenues and a 40$ increase in pretax income. Cash flow is improving this year and continued monthly profits are projected. All of these statements were made before the recent acquisitions, so they should be underestimates. This is definitely not a 0.20/share company. Since it is a Bulletin Board company, I would bet it has been shorted and this may explain for at least some of the price decline. Once management hires an IR firm and the merger becomes official, this stock should start climbing back to its fair market value.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next