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Microcap & Penny Stocks : Tech Squared (TSQD)- Internet Commerce

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To: M. Frank Greiffenstein who wrote (2429)11/19/1998 7:09:00 PM
From: Michael Baron  Read Replies (1) of 2752
 
Hi Doc,
What with TSQD trading at 12 - 13% of DRIV, I think the 25% valuation, though backed by good "figuring," is not realistic. I think there will always be the valuation lag due to:
1. Lack of knowledge of the relationship.
2. Uncertainty about the exercise of the option, even though it looks OK now.
3. Time lag in TSQD "trailing" DRIV, coupled with the fact that the "buzz" is on DRIV.
If my estimates are good at ±15%, TSQD should be worth 2.73 right now (maybe market tomorrow), and 4.20 if DRIV hits your target of 28.
I sold part of my position today in 2 blocks, and have put limit orders in, stepping up to 6 3/8, just in case you're right!

All the best,
M.
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