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Gold/Mining/Energy : XVNvestors Forum -- Ignore unavailable to you. Want to Upgrade?

To: Luc Beaugrand who wrote (4395)	11/11/1999 2:19:00 PM
From: I Am Sandman	Read Replies (1) \| Respond to of 4742

We own 8% of DVDT (i.e., 2 milion shares).When DVDT was at $5.00 SCSI was worth $10 million (i.e. 25 cents a share). In Canadian dollars this is $0.38 per share. That was the book value of SCSI during one point this year. Basing a price on last trade prior to halting would be ludicrous. If DVDT projections are accurate and calling for $6 to $20 per share then this should also be factored into the acquisition price for SCSI. Any price should be based on future earnings and value of the company. SCSI has no liabilities and according to everyone, big potential on revenue side -- why sell at a depressed price. One doesn't even have to have a lot of experience with mergers and acquisitions to understand this. Again, that is just the numbers for our stake in DVDT. If DVDT wants to own the "proprietary" patents SCSI has rather than "licence" them, this should be a premium on the price. I realize that the terms of the acquisition -- straight cash or DVDT shares may also have a bit of an impact. But, what is stated above should be a minimum position.