HYPE AND HYPESTERS DENUNCIATION CENTRE Message Board

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Pastimes : HYPE AND HYPESTERS DENUNCIATION CENTRE

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To: EL KABONG!!! who wrote (418)	4/3/1999 5:56:00 PM
From: John Sladek	Read Replies (1) of 612

Kerry, Just stop the carp and cut to the chase. How much should we buy? Ok, I have some new developments and estimates so maybe you can figure out how many shares to buy for yourself. First the company has been added to the TSE-300 index. This is key, since many funds won't invest in stocks that aren't in this index. This also means that all previous price targets should be doubled at a minimum, or possibly triped or quadrupled, or whatever really suits your fancy. Here's an example of what I mean: Message 8675532 $30+ CDN in the next month....a Nasdaq National listing could drive the stock well over $50 CDN very quickly...The same valuation for BII (a more promising company IMO) would be over $300 CDN. The stock last traded at $14.40, so we are looking at some pretty big price gains here. If we do a bit of math we see: $30 per share * ~50MM shares O/S = $1.5B market cap. $50 per share = $2.5B market cap. >$300 per share = >$15B market cap. Pretty high valuation for a company that reported $20MM in sales and $18.7MM in losses in its most recent fiscal year. This must be the internet valuation model at work again! Regards, John Sladek

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