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Technology Stocks : Audio and Radio on the Internet- NAVR
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To: Rajiv who wrote (11218)3/11/1999 4:06:00 PM
From: katmando  Read Replies (3) of 27722
 
1. Pretty close to mine.

2. In actual issued of 5,922,500 you left out 40,000 shs owned by NAVR.

3. VVTV owns 1,432,500 but 550,000 are restricted for 1 yr after IPO.

4. I assumed 2 mil would be offered but we can use your 3 mil.

5. NETR owns 939,500 in Stock Options begnning at IPO.

6. My recap is:
a. NAVR owns 5.04 Mil shs...you say 5 Mil
b. VVTV owns .8825 Mil shs...you say 1.4 Mil
c. NETR owns .9395 Mil shs...you say 0 Mil
d. I can live with your 3.45 Mil owned by Public.
e. My Tot is 10.312...your Tot is 9.85.
f. NAVR's ownership is 49 %...your Tot is 51 %.

7. You do great work. Let's go with 50 % for NAVR.

Kat
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