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.

Technology Stocks : NTN Communications, worth 185 million? -- Ignore unavailable to you. Want to Upgrade?

To: dwight vickers who wrote (1904)	1/28/1998 6:58:00 PM
From: Rich Genik	Read Replies (2) \| Respond to of 2985

Dwight, I think you'll see that I used the term "book value" loosely. What I meant to say was per share stockholder equity, which may be different. Sorry, my gaffe. SE should be the best guess at the breakup value of the company which I would call book value; the official definition could be different. Any accounting types out there want to ping in, feel free. It's hard to get a good idea of what the fundamental value of the stock is (I know, you'll say 0.00 :-). Jerry seems to like this cash flow model may be as high as $0.20/share in FY 1998 if Q3 is any indication. (Taking the Q2 - Q3 trend would put that value at ~$1.00, but I don't see the 2.4M per Q improvement sustainable. To quote Newtons 4th Law, "Things that are unsustainable have a tendancy to stop.") As for working capital (current assets - current liabilities), I predict that it will be positive at 31 Dec. 1997, but less or around $1M. What we need is LS and IWN to bring in enough revenue to break themselves even. I see we hit a low of 5/8 today intraday on 250K volume. I don't see a move below 1/2; we can easily be back at $2 by summer if Q1 and Q2 look good and a 6 mos 4 bagger is very attractive. BTW, I was not able to find a text copy of a plain english summary of Reg. M at the SEC, LOC, free-edgar, or from a search. You'd think that these regulations would be online by now somewhere. Cheers, Rich