Point West Capital (PWCC) Message Board

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Technology Stocks : Point West Capital (PWCC)

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To: E. M. Edds who wrote (15)	2/1/1999 9:24:00 PM
From: .com	Read Replies (2) of 345

Ed, I really don't care about this deal. I did the math several times long, long ago. Check the facts yourself. 1. There are 3.25 million shares of PWCC biz.yahoo.com 2. from IPO: edgar-online.com NAME AND ADDRESS OF BENEFICIAL OWNER(2) NUMBER PERCENT Fourteen Hill Capital, LP(5).........................329,490 11.0 3. I spoke with person at Fourteen Hill Capital (PWCC subsidiary about terms to confirm details. PWCC passed me on to them). 4. I think $30 trading price is fair since the ISP's have not traded up like other internet stocks. But use whatever number you'd like for FLAS trading price. Now Ed, multiply 329,490 shares * trading price of FLAS and then divide by the number of PWCC shares outstanding (3.25 million). Also, lok at the charts. Stock was under $4 before announcing IPO. Now, ... BTW, Fourteen Capital does have partial ownership of several other tech companies (some Internet related) which also may IPO some day. Again Ed, I really don't care about this deal and wrote it off a month ago. I was initally responding to someone's flawed approach to calculating value. Best of luck.

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