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Biotech / Medical : OPTS--Opta Food Ingredients -- Ignore unavailable to you. Want to Upgrade?

To: John Finley who wrote (82)	9/21/2000 2:01:21 PM
From: kinkblot	Respond to of 85

2000 Presentation media.corporate-ir.net From the latest 10-Q, paid-in capital as of June 30, 2000 was about $79.9 million. What do stockholders have to show for this investment of $7.39 per outstanding share? This Slide Presentation and a stock at $2 and change. One can't even say it's gone "nowhere" until market cap equals paid-in capital. For simplicity, I'm willing to neglect the risk-free interest that could've been earned on that money. So, Arthur, this is your task: $7-3/8. WT

To: John Finley who wrote (82)	9/23/2000 11:11:28 AM
From: kinkblot	Read Replies (1) \| Respond to of 85

International Food Solutions ifoodsolutions.com IFS was formed November 15, 1999. From the press release: The new company merges the recently acquired Case Swayne Co. and Bestfoods' Milwaukee Seasonings unit. IFS is a part of Bestfoods Foodservice, Bestfoods' North American foodservice unit. Case Swayne / IFS was Opta's largest customer in 1998 and 1999 (don't know about 2000). This is another potential acquisitor. They could munch it for a small multiple of their annual ingredient purchases from Opta. Two levels up, a proposed $20B takeover of Bestfoods (BFO) by food giant Unilever is currently under review by the European Commission. Bestfoods accepted the Unilever offer in early June but the deal has not yet won clearance over antitrust concerns. WT