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To: sailorman who wrote (5865)2/16/2000 1:37:00 PM
From: James Strauss  Read Replies (2) | Respond to of 13094
 
AMVC...

Sailor:

It looks like:

1. $1.00 a share cash x 12,870,000 AMVC shares= $12,870,000
2. To convert pfd stock [AMVC shares 12,870,000/10=1,287,000
shares x .667=862,290 shares of KTEC...
3. To get value to AMVC shareholders 862,290 x $9.375(current KTEC share price)=$8,083,969
4. Multiply value of warrants (.25)x 862,290 KTEC shares=$215,573...

We add the parts of the transaction:

$12,870,000
$ 8,083,969
$ 215,573
*************
$21,169,542

Divide by # of AMVC shares (12,870,000)=1.645 per share approx value to you..

Jim