Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : MCLL Metrocall -- Ignore unavailable to you. Want to Upgrade?

To: Dako who wrote (113)	2/4/2000 12:25:00 PM
From: Pete Mason	Read Replies (1) \| Respond to of 266

I am so disappointed! I came to this thread hoping to see hundreds of MCLL schills screaming BUY-BUY-BUY, and all I find is the usual suspects of shorting?? Looks like I better head over to YaHoo... ;-) -- Pete

To: Dako who wrote (113)	2/5/2000 11:25:00 AM
From: Street Hawk	Read Replies (1) \| Respond to of 266

MCLL is still going to have to pay off all its debt. This new venture will not generate the positive cash flow to save them. I am really glad that I came upon this stock, since it does remind me a lot of IRID, not as dire, but still the company is in deep doodoo. Not only that, but the dilutive effect of the 3 investors and AT&T is tremendous. The 3 investors add a total of 23.3 million shares @ 2.19 to the mix, and AT&T conversion adds 13.2 million shares. That is 36.5 million shares added to the existing 41.9 million shares. That is tremendous dilution. So the total outstanding shares is now ~78.4 million. So in fact, most financial sites have not adjusted for this. MCLL's market cap is now 78.4 x 11.625(Fri. closing price) = $911 million. (What a coincidence, 911=emergency=MCLL) Not the $487 million shown on Yahoo's site. It is absolutely amazing how absurd the run-up has been for such a struggling paging company who announces a new strategy. We'll see $5 soon enough, it will require patience, shorts.