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Technology Stocks : BVRTF -- Sounds Interesting

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To: John D. White who wrote (78)5/30/1999 6:54:00 AM
From: sam_b  Read Replies (1) of 85
 
BVRTF will worth $ 15 a share after IPO of NetGame .
(with market value of $175M).

I tried to follow , by myself, after calculations and
got the same numbers +-.Please follow and let me (us)
know if you agree.

NetGame- 47% (Full dilution)from $175M = $82.25M.
R.T.SET-49.5%from $35M (Last private issuing price)= $17.3M.
NEXUS - 37% from $ 13M (Market price)======= $4.8 M.
BRIGHT.com 40.18% ( estimation of $ 10M value)= +-$4.0M.
----------------------------------------------------------.
=====================TOTAL ---------------- $108.35M.

Market Capital of BVRTF in last Friday $43.8M.
Price of 6.1875 per share.
BVRTF is in discount of $64.55M (again ,NetGame IPO of
$175M).

It's 147%!! or estimated value per share after IPO of 15.3 .

($108.35M/app.7M shares = +- 15).

I think it's a real bargain .


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