NBMX - National Boston Medical (was FGRX) Message Board

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Microcap & Penny Stocks : NBMX - National Boston Medical (was FGRX)

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To: Joe Copia who wrote (527)	10/28/1998 8:01:00 PM
From: jhild	of 1286

You know Joe that 67&cent figure is an interesting number. If you take into account the stated assets from the last financial they have made public (notice I am careful not to say filed with the SEC), and you divide by the common outstanding on a fully diluted basis taking into account the conversion of the preferred 1.2 million giving a 15.5 million share denominator, it looks like it is just about 67&cent. I have found all this talk about a $2.93 book value quite deceptive because of this preferred conversion. The kicker of course is that we have yet to see any independent verification that the assets are really worth even this much to begin with.

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