HEARTLAND WIRELESS COMMUNICATIONS INC (HART) 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.

Microcap & Penny Stocks : HEARTLAND WIRELESS COMMUNICATIONS INC (HART)

HART 1.790

+8.5%

Mar 31 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: David Sirk who wrote (66)	4/1/1999 7:26:00 AM
From: Harry	Read Replies (1) of 178

Issuing 10M new shares to convert the old bonds into common stock is a good idea. The reorganization also states that it will result in $152M in stockholder's equity. $152M/30M = $5 book value per share. I don't know how the 15M preferred stock affects this calculation, but suppose we increase the shares to 45M -- $152M/45M = $3.38 book value. Where am I wrong in this calculation? Either the stock is severely undervalued or there is something wrong in my calculations. Are there any CPAs out there who could analyze the value? Can anyone explain the warrants to me? Will common stockholders receive 5 warrants for each share? Potential dilution would result in another 150M shares if these warrants are exercised. However, the higher stock prices required for exercise would be very good indeed. It seems we also own 20% of WIRL which could be very interesting if WIRL appreciates as well. Looking forward to answers and more news on what the value is here. Harry

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next