To: Brad who wrote (7883 ) 3/24/1998 9:03:00 PM From: Beantown Read Replies (1) | Respond to of 27968
Brad, I must first start by thanking you. It is people like yourself, Cheryl( of course), Jin, Jane, and a few others who have raised my comfort level with my investment in Firamada. I first purchased FAMH on October 18th. Since then, I have "sucked" in family, friends, and coworkers. I "sucked" them in, not by mere words spoken, but by printing off pages and pages of this thread with all the information it contains. My/our gratitude to all. My question or concern is in the share price of Company "X". If we are to say find to a 1 for 4 merger shouldn't we want to see a share price with the exchange which is fair to all parties involved. Ira has stated in his opinion, and I agree entirely as do others, that Firamada should be a $3.00 stock. Now, before you think I am nuts, hear me out. I realize that gaining a listing on Nasdaq is worth something, and for that, it will cost us something. I am not saying 1 for 4 then the price of the Nasdaq company should be $12. But I am wondering should share price be more in the $ 7, 8 or 9 range or should a different exchange rate be used. Don't get me wrong I trust Ira as a dealmaker completely. That is why I wonder if all of this talk of ATXI et al makes any sense. If we are way undervalued now, and company "X" is correctly valued at $2.00, then are we not paying an awful lot for a Nasdaq listing. I guess I am greedy. I want the Nasdaq listing and to keep ALL my shares (or as much as possible)in the exchange. But if I do, then it screws with EPS * P/E. What a vicious circle. Anyway, I really trust and would appreciate your opinion or anyone else's. Beantown