BACKDOOR, an IPO> IDTC,BRKT,BNYN,KLOC,NAVR Message Board

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Technology Stocks : BACKDOOR, an IPO> IDTC,BRKT,BNYN,KLOC,NAVR

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To: didier LOUIS-MARIE who wrote (249)	2/7/1999 10:23:00 AM
From: .com	of 954

Hi didier, I did the math on OTEXF recently and only came up with about $2.25 per share of value to OTEXF. I see you are posting on this deal everywhere so I assume you are very familiar with it. Please review these figures and let me know what I am missing. Thanks. OTEXF owns 909,306 shares of Miningco.com. OTEXF has 20.2 million shares outstanding. If miningco.com went for$50/share (300-400% above offering price) that would place OTEXF's value from the deal at $45,465,300. $45,465,300 divided by the 20.2 million shares of OTEXF outstanding is $2.25/share. OTEXF has been in a horrible downtrend over the last month, almost 50% off of January's highs. So, what am I missing? Thanks, .com

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