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: peter michaelson who wrote (120)	2/5/2000 2:31:00 PM
From: RockyBalboa	Respond to of 266

pm, do you or anybody else have an idea what or who pumped it up that far....(Ok I remember IMON from last year which hit 15, was also a $2 and under stock with zillions of shares out). The high volume irritates me here. Single counted, they traded around 55MM shares worth avg 8 or 9 in 2 days. I mean all the work must be good for something...? Even when it was a high %mover, for real daytraders it is perhaps not the right place...? At the same time, I think it has seen its top at 14, simply for the valuation reasons you cited.

To: peter michaelson who wrote (120)	2/5/2000 8:46:00 PM
From: Jim@Inland	Read Replies (3) \| Respond to of 266

Another 20 million shares at 3.00 ? Peter if this is true, then this is the biggest SELL job I've ever seen. You've gotta wonder why they would buy the assets of National Page for 13 million dollars. National Page have 80,000 subscribers. That's 162.50 for each subscriber. Last October, or I should say, October of 1998, they paid AT&T the equivalent of 170.00 per subscriber for AT&T's , AMD. OK so lets say that establishes a fair market value for each subscriber, about 165.00 per subscriber. MCLL decides to sell to three investors, 30% of the company for 51,000,000. Now they have about 6 million subscribers, so they have sold in effect 1.8 million, 6 millionths, for the sum of 51,000,000, or effectively 28.33 each!!! Wow, this management is obviously desperate to make the first of a series of loan payments due in March of 2000. They must come up with the first of a series of loan payments by march, and I expect this is the only way they can. The fire sale of shares are not only dilutive, but the prospect of them selling another 20 million shares for a measly 3.00 per share is a further SELL job. I'll be selling more of this dog on Monday for sure!!