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Technology Stocks : Audio and Radio on the Internet- NAVR

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To: manny t who wrote (769)11/30/1998 10:25:00 PM
From: Doug Robinson  Read Replies (1) of 27722
 
Great Catch, Manny. I heard the same thing and if one guesses
that the NetRadio IPO will have many millions of shares valued
easily in excess of $15 per share, then one might assume that
the current value assigned by Navr of only One million dollars
dramatically understates the actual share value of Navr. If ten
million shares are brought to market and they sell for $20 a share
then Navr's value has increased by $160 million, assuming they
own 80% of NetRadio. If the float of Navr is 10 million shares (it's less), then the value of it's stock would hypothetically be $16
disregarding any other business that Navr did. While this is a
very elementary anaylsis it does offer some insight to the fact that
Navr is still undervalued. It certainly was an impressive day for Navr considering the beating that the internets took today.
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