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Technology Stocks : ADSX -- Ignore unavailable to you. Want to Upgrade?

To: Stephen D. Wilson who wrote (126)	12/6/1999 9:30:00 PM
From: OLD JAKE JUSTUS	Respond to of 1129

Ha! Ha! You're right! Good Luck and God Bless!

To: Stephen D. Wilson who wrote (126)	12/7/1999 12:06:00 AM
From: Steven Messina,L.M.T.	Respond to of 1129

A very well composed post off of the yahoo thread regarding the breakdown of ADSX's upcoming cash infusion: Here's a break down of all the money ADSX is set to receive from the IPO of SALE and from TigerTel. TigerTel: Bought for $9.25 Canadian C$9.25 x 7,506,297 (Shares outstanding) = approx. $69.4 million C$9.25 x 4,942,284 (ADSX's share of TTEL) = approx. C$45.7 million Now, here's the convertion into American dollars: C$45,716,127 x .68 = $31,086,966.36, or approx. $31 million American. Not bad for a company they bought a year and a half ago for $6.3 million. Onto the IPO: ADSX will be selling 1.7 million shares of SALE @ the offering price which is set @ $9 per share as of the latest S-1/A. 1,700,000 x 9 = $15.3 million Just from selling stock, ADSX will receive $15.3 million. SALE is also planning to pay back ADSX $17 million from the proceeds they receive to pay back ADSX for loans the company advanced them. $15,300,000 + 17,000,000 = $32.3 million $32.3 million is the combined amount ADSX is guaranteed to receieve at the $9 offering price for SALE. SO, combining TigerTel and SALE we come up with a total of approx. $63.3 million. $32,300,000 (From the IPO) + $31 million (From TigerTel) = $63.3 million If all the terms and agreements were to stay the same as they are today and the IPO and merger went through this is how much ADSX would receive no matter what. Now, SALE is in debt to ADSX a total of $34.9 million, they are only paying back $17 million. That leaves $17.9 million still to be payed back. SALE is expecting to close on a $50 million credit line once the IPO is finished and use it to pay back its remaining debt. There is no guarantee SALE will get this funding though. In either case this has the possibility to raise the amount ADSX receives to $81.2 million ADSX will also still own 10.3 million shares in SALE after the IPO. Just at the offering price this equates to a value of $92.7 million. As is the case, this will fluctuate with the movement of SALEs share price. So, in conclusion: $63.3 million in cash- GUARANTEED to ADSX if all terms and conditions stay the same and the merger and IPO go through as planned. $81.2 million in cash -Assuming SALE does get its credit line as planned they will pay back ADSX $17.9 million to rid themselves of debt. This figure shows that amount already on top of what ADSX would gain from the IPO and merger. That's all in stock, here's the stock: $92.7 million in stock- JUST what ADSXs share of SALE will be worth at the offering price of $9. If the share price jumps on the day it IPOs this figure will go up also. Total: $63.3 millon in cash + $92.7 million in stock = $156 million in both cash and stock value which will increase to $173.9 million once SALE pays back ADSX. Overall, these transactions have the potential to be worth $173.9 million in cash and stock for ADSX if all terms and conditions stay the same.