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Non-Tech : MILLIONAIRE. COM........( MLRE )
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To: SHGLaw who wrote (1212)1/6/1999 10:33:00 AM
From: S. Samblis  Read Replies (2) of 2664
 
SHGLaw, Thanks for your post. I have re-posted your questions.

Q: Some questions for Steve: What is mlre's burn and how much cash is left? What is the margin going to be? How much stock is held by insiders, and what are the restrictions?

A: Some of your question can only be answered when the audit is done. We do know that the margins are high in the auction business. As high as 40%. But true numbers will come from an audit. There is approx 8.4 million shares outstanding and the float is approx. 1.5 million. This leaves about 6.9 million shares held by insiders or that has some kind trading restrictions.

Steven Samblis
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