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Technology Stocks : VWLC - VOICE AND WIRELESS CORP -- Ignore unavailable to you. Want to Upgrade?


To: NOHYPENOBULL who wrote (33)7/19/1999 12:28:00 AM
From: kumqwatt  Read Replies (1) | Respond to of 175
 
3.6M shares--What is the float?



To: NOHYPENOBULL who wrote (33)7/19/1999 10:05:00 AM
From: TallTrader  Read Replies (1) | Respond to of 175
 
I like KNSC, but...

Your message states:

"They own 36% of Mailcall.net."

No, the press release states:

"they had entered into an agreement with Mail Call, Inc"

There is a big difference in "OWN" and "entered into an agreement." Many OTCBB companies enter into agreements but never complete them!

Also, you state:

"$15,000,000.00 DIVIDED BY 3.6 MILLION SHARES= $4.16 BOOK VALUE!
Go look at all of the internet related stocks and see how many times the book value they are trading"

You are using the wrong term "BOOK VALUE." You are talking about REVENUES/SHARE. There is a MAJOR difference between BOOK VALUE (net assets/shares) and REVENUES/SHARE.

I like KNSC, but let's state the correct facts.

When buying KNSC, you are either buying an overpriced (relevant to history) furniture company or an underpriced Internet company. Who knows?