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Microcap & Penny Stocks : CMOZ, next cmgi

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To: G who wrote (637)	4/28/1999 10:48:00 PM
From: Toby Zidle	Read Replies (1) of 947

This item about Mpath Interactive was on Briefing.com today: "Mpath Interactive (MPTH): online gaming community prices 3.9 mln share initial public offering at $18 per share, above the already upwardly revised $14-$16 range." The internet again commands a premium for IPOs. What CMOZ should be doing with with its internet gaming sites is packaging them into IPOs. 25% to the public in IPO form, 25% to shareholders as a spinoff distribution, and 50% retained to CMOZ to bolster its balance sheet. What gets me about the MPTH IPO is that it's a company few know of, comes out of nowhere in an IPO and ...pooof... $18 a share! CMOZ, on the other hand, is apparently working hard to build itself, buys other companies in possibly dilutive deals, and stays in the $1 - $2 range. MPTH is showing that there IS a better way. CMOZ ought to consider it.

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