Zapata (ZAP) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Zapata (ZAP)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Intrepid Fox who wrote (1)	2/20/1997 10:44:00 AM
From: George Burdell	of 1206

ZAP owns 31% of Envirodyne. Envirodyne was awarded $102 million in patent litigation damages back in December. Market cap of Envirodyne is only $96 million. Envirodyne has asked for TREBLING of damages - ie $306 million. Translates to $95 million to ZAP. ZAP has market cap of $144 million. ZAP wants to buy back about 1/3 of its shares. This would mean about $5 from the maximum settlement per post buyback share of ZAP, which is now just under $5. Add in supposedly undervalued Bolivian oil and gas reserves 'poised to appreciate' I think I'd be trying to buy half the company at $5.50 too, if I had a bigger wallet.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next