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Technology Stocks : TouchStone S/W (TSSW) -- Ignore unavailable to you. Want to Upgrade?

To: Daniel Colton who wrote (3145)	3/9/2000 10:22:00 PM
From: David Alan Cook	Read Replies (3) \| Respond to of 3627

Daniel, I believe that TSSW decision to pursue its internet incubator strategy is the quickest way to increase the company's net working capital to at least 25 Million. Once the company meets this criteria, it can apply to be listed on the NASDAQ exchange. Here is a quick calculation done on the Raging Bull site: Following is what I quickly calculate that the Touchstone Capital Group may be worth: ( If the company is as successful investing its remaining cash and the cash its receives from Esupport, we will see much higher valuations in the future using the same calculation from the Razo Report ) Here is the post from the Raging Bull site that I found: 1. Tssw's "known" investments from the Razo report show current valuations that project to around 9 million dollars. Tssw invested 1.3 million into the "known" companies and should realize a profit of well over 500%. 2. This 9 million plus existing cash (prior to the sale of E-support) of 3.1 million leaves TSSW with an asset base of 12.1 million dollar. 3. Divide the 12.1 million by TSSW's 11,340,000 outstanding shares and we have an approximate NAV/per share of $1.07. Multiply this by the ratio Razo used (same as CMGI and ICGE)$1.07 x 5 = a share value of $5.35 Now if we factored in the same 500% increase for the 9 million we will pick up from PTEC and our existing 3 million....that equates to 60 million dollars plus the 9 million from our current investments - a total of $69 million. Dividing the 69 million by our 11,340,000 shares and our NAV/share is $6.08 x 5 = a $30 per share potential value. And that is without any private placements etc. Sorry to ramble, and I hope my quicky calculation hold water...but it is easy to get exicited about the direction of this company