While I agree with you that MINE is probably going to a hot IPO, I do not think that it is going to have much effect on the price of OTEX. OTEX has 20,187,000 shares outstanding and it has a market cap of approximately $440,000,000. Even if MINE trades at $50 per share, the value of OTEX's 885,201 MINE shares will be worth only $44,260,050, or $2.19 per share.
If you are unable to get any MINE shares at the initial offering, you may want to look at Suite101.com (BOWG) as a sympathy play. Their site does essentially the same thing as MINE, though not nearly as well. They suffer from lack of capital, though it is my understanding, from their SEC filings, that they are looking to raise as much as $3.0 MM during the first quarter. BOWG was the creation of a reverse merger last year and they are fully reporting. |
