Tenfold Will --Fly -Stock will increase "10 Fold {TENF} Message Board

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Technology Stocks : Tenfold Will --Fly -Stock will increase "10 Fold {TENF}

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To: John B. Ray who wrote (12)	5/6/1999 8:17:00 AM
From: Glenn Petersen	Read Replies (1) of 46

In an earlier post, dmkst1 mentioned IINT as a backdoor play for TENF. IINT looks very interesting. They own 2,920,700 shares of TENF. According to the most recent S-1/A, the TENF deal will be priced in a range of $13-15 per share. If TENF pops to $20, that works out to approximately $1.87 per IINT share. Discount that by 40% and you are left with $1.12 per share. Additionally, IINT has about $1.41 in cash per share and is profitable. They are in the enterprise software market and have sales in the $180.0 MM range. IINT closed at 4 9/16 yesterday. The stock was as high as $25 3/4 per share two years ago. The most recent TENF S-1/A can be found at: sec.gov The TENF Hoover's profile can be found at: ipocentral.com

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