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Gold/Mining/Energy : Pinetree Capital-PNP-CDNX -- Ignore unavailable to you. Want to Upgrade?


To: keith massey who wrote (69)12/16/1999 6:15:00 PM
From: Vitalsigns  Read Replies (2) | Respond to of 233
 
Now why can't this sell at 20 times BV like ICGE/CMGI <ggg>

Hell, i'd even settle for only 10 times BV <gggg>

Vitalsigns



To: keith massey who wrote (69)12/17/1999 4:18:00 PM
From: Vitalsigns  Read Replies (2) | Respond to of 233
 
Nice move by VGIN today +3 3/8 to 31 3/8 which helped give us a 8% boost to our BV. One of these days (Very soon) this stock will take off.

Updated Book Value as of December 17.99

Pica book value end of day Dec 17.99

Book value calculations

I will use purchase price on our private companies even though that may be severely
undervalued.

Private Companies
Softquad 35% interest = 1,250,000 (cost)
Visible Decision 40% int = 1,100,000 (cost)
Online Direct 2 % int. = 150,000 (cost)

Public Companies US
LUMM 1 ,000,000 shares @ $24.25 Us x 1.47 = 35,647,500 Cnd
VGIN 1,000,000 shares @ $31 3/8 Us x 1.47 = 46,121,250 Cnd

Public companies Canadian

BFG.V 70,000 shares @ 9.75 = 682,500
ESL.T aprox 600,000 shares @ 6.90 = 4,140,000
MNTX 2,200,000 shares @ 1.25 = 2,750,000
NSII 4,000,000 shares @.45 = 1,800,000

Total Book Value
Assets 93,641,250
Shares out. 9,000,000

Equals $10.41 share in Book value vs Yesterdays BV of $9.60
Current trading price 2.90
Current shares trading at a 72.1% discount to book value

Vitalsigns