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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: wallstreeter who wrote (97900)	9/20/1999 3:37:00 PM
From: changedmyname	Read Replies (2) \| Respond to of 119973

PRFM analysis [edit: it has come to my attention that PRFM is only selling 1 million of the 3.5 million shares, so I have to change up the numbers] I like to be conservative on it, just basing value of prfm on the pricing of the IPO. 7.5 mil offering of IPO, 3.5 being sold, so PRFM will hold 4 million. Priced at $9, that is $36,000,000 that their holdings will be worth... or $4.85 a share. They will also be selling 1 mil of the 3.5 mil at the $9, and get $9,000,000 in cash (minus the commissions etc, so rough est) and that is another $1.21 in cash per share. book value is about $2 for the company (I doubt that includes the IPO bcz the IPO is not worth much on paper until they sell it). So you get $4.85 in holdings (assuming $9). + $1.21 in cash + $2.00 book value. ------ $8.06 in value per PRFM share. That is of course assuming it prices at $9, and trades at $9... which won't happen bcz IPOs are so hot these days, so 25 to 50% pop could be expected which would add ton more in value. The only question is how much debt does PRFM have to see how much the $1.21 in cash proceeds they get from the IPO gets eaten by debt. But book alone and value of holdings alone is $6... and I don't think the company is in a ton of debt (just turned profitable again). Sorry for the rambling. Jason