Audio and Radio on the Internet- NAVR Message Board

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Technology Stocks : Audio and Radio on the Internet- NAVR

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To: AJ Berger who wrote (15748)	5/1/1999 9:07:00 PM
From: Patherzen	Read Replies (2) of 27722

AJ...from Yahoo... Don't know if this is accurate..but another's calculations... quick and dirty valuation-navr by: pooper1998 50884 of 50918 Net radio -9.8 million shares 3.3 million sold by the company @15=$50 million 6.5 million retained by company and NETRADIO "pops" to $50 per share = $325 million Remainin valuation of NAVR business- lets be conservative and say $5 per share= $115.5 million Total valuation= 50+325+115=$490 million per share value and opening price on Monday=$ 21 per share This assumes that NETRADIO is only valued at approx $500 million. Based upon others in the industry , NETRADIO could have a value close ot $700 to $800 million. Enjoy the ride!!

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