Zmax (ZMAX)/New Year 2000 play Message Board

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Technology Stocks : Zmax (ZMAX)/New Year 2000 play

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To: Timothy R. West who wrote (71)	1/31/1997 2:54:00 PM
From: David Wideman	of 370

Tim, Thanks for input. 10.0 is definitely the conservative approach to viewing # market shares. Many may question the conservatism (& sanity) of investing in a company with an 8 (or 9) digit market cap & -$0- revenue. Although I'm generally conservative, the sanity part is another issue entirely. For those interested, ZMAX stock shares per Mark @ Investor Comm. Currently issued & outstanding 6.2M within 6 months after NASDAQ listing 7.8M in 2 years, fully diluted 10.0M Management currently holds 3.2M shares. I still tend to use the 6.2M as a basis for market cap, but 7.8M is soon-to-be, and 10.0M is reality in a couple of years. Any other comments on market cap valuation? Tim, any subsequent meetings/talks with folks at ZMAX? Any add'l light to shed on the situation? All input is appreciated. FWIW - At the opening bell this morning, 15K shares of ZMAX had already changed hands. First sale was at 9:24am & last sale (when I checked) was at 9:30am. Price range was between 12 1/2 & 12 3/4. In first hour and a half, 58K shares had been traded. Anyway, somebody (or bodies) had committed close to $200K in ZMAX before the opening bell. I'm ready for February - bring it on. David

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