Jimbo:
You said LPGLY has 2.5 million shares of RAMP, which was the quantity given on mavern's original list. The attached post from Yahoo says 1.5 million.
Also, how do you estimate the date of the RAMP IPO as being about one month from the notice of intent. Is there a rule of thumb?
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by: atroopan (M/Halifax) 676 of 679
re: RAMP
LPGLY bought 1,517,020 Series D preffered stock at a cost base of $6.59 per share. This equates to an investment of approximately $10 million. Percentage ownership before offering is 9.4% based on outstanding shares of 16,099,413.
So anyway here we go:
Assuming no splits, then at a "standard" offering price of $12 per share, then gain from LPGLY Ramp investment should equate to $8,207,078. At a price of $24, then gain is $26,411,318. At a successful double, triple whatever of $48 then gain is $62,819,798.
On a per share basis, then assuming a final equilibrium price of $48 per share (yeah yeah it's not an exact science), then for each LPGLY share the gain is about $3.70
Anyway every dollar gain above $6.59, in Rampnet is worth approximately $0.09
Does this scare anybody? If it helps, these things usually trade at multiples to book value (CMGI, WCAP), but they could also trade at discount to book value (PWCC). Just trying to be rational in an irrational world.
Cheerio,
atroopan
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