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Non-Tech : JMCGC......Is the Future Crystalizing?
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To: RCJIII who wrote (29)5/21/1999 8:47:00 AM
From: If only I'd held  Read Replies (1) of 60
 
I am trying to clear something up in my head. It is my understanding that JMCGC has bought 100,000 shares of Optimark for $1m. If we are to assume that Optimark would go public with 10m shares out, and startted out with a market cap of $1b (which could be stretching it), then the value of JMCGC's holdings would only be worth 10 million. Now while that is a great return on their money, it is not exactly very exciting to me. I own shares of JMCGC as of yesterday. And now I am trying to figure out what the potential is. The way I see it, if the above were to occur, then JMCGC would have the potential of being a double based on the net worth of the company. (4 million in cash + 10 million in holdings = 14m book divided by 6.17m shares out = 2.26 per share +/-) That's great but the question is, will Optimark command a billion dollar market cap?? And what will JMCGC do with the newfound money?? Hence, what is to keep it from trading below book value until the next move comes along?? Sorry if this sounds stupid. I'm just trying to understand the potential. I am considering buying a whole lot more, but I need to know more. I don't want to be trying to unload 50,000 shares on the market when the excitement fizzles. Thanks
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