What is WCAP Worth?
First, please accept this one assumption: that every internet IPO eventually will trade above $50. If you accept that, then here is the math:
Issue.........WCAP's Share Position
COOL.............1,707,344
ROWE...............153,676
WGAT...............140,846
MPATH..............227,273
JWEB.............1,178,300
Total............3,407,439 Shares
X $50 = $170,371,950
$170,371,950/5,020,00 WCAP shares out = ~$34/share.
Yes, you can discount the holdings to account for lockup restrictions, etc., but this number does not even include the holdings they have that have not been disclosed in public filings.
I know it sounds too simple, but think about it....
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