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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM -- Ignore unavailable to you. Want to Upgrade?

To: bconard who wrote (9049)	11/18/1999 8:09:00 AM
From: Richard Mazzarella	Read Replies (1) \| Respond to of 11603

Bob, the high value for Windstar may be more simple than speculation. Windstar went through a reverse split of 1/250. Let's assume it's a penny stock like some of our dirs. A penny stock of $0.05 before the split should still be worth $12.50, or $0.025 worth $6.25. Normally reverse splits of non earning companies got to 1/2 the capitalization of their previous presplit value. If there is any "real" business in the merger with the private company, those values may be a floor. As I said, Windstar may be worth more than I originally thought, even without an MM pump.