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Technology Stocks : PTET - Platinum Entertainment...the next KTEL??? -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Big who wrote (161)	7/7/1999 1:02:00 PM
From: drakes353	Read Replies (1) \| Respond to of 167

Mr. Big: PTET value of HITS IPO at $14 adds $6 of value to PTET. At $28 (where I think HITS will open) PTET is worth $12 not counting its' existing business. You might want to rework those numbers. PTET holds 798,856 shares of HITS. PTET has 7.3 million shares outstanding. At $14 the HITS shares are worth $1.53 and at $28 they are worth $3.06 to PTET's book value. Both of those numbers need to be discounted by something on the order of 30-50% drakes353