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To: JDN who wrote (868)5/11/1998 4:40:00 PM
From: douglas hicks  Read Replies (1) | Respond to of 6180
 
That's the one: strange day today...to say the least..so what's a half million to a no cash company.



To: JDN who wrote (868)5/11/1998 4:51:00 PM
From: Turboe  Read Replies (1) | Respond to of 6180
 
AMER INTERACTV (OTC BB:AIME) - More Info: News
Last Trade
3:46PM ú 5 7/16

So 5 7/16 X 500,000 = 2,718,750
Plus the down = 1,500,000
Equals = 4,218,750

Pretty close to $5M and more than $500k!!!!




To: JDN who wrote (868)5/11/1998 5:27:00 PM
From: Bert Zed  Respond to of 6180
 
We all know how much a $ is so we can assume the $1,500,000 is $1,500,000.

Early last week or late the week before I think AIME were at 8 7/16. 500,000 times 8 7/16 equals $4,218,750.

$4,218,750 plus $1,500,000 equals $5,718,750.

So the value of the deal depends on AIME's stock price.

In 3 months time if AIME's price is $15, the deal is worth $9,000,000............

Someone at Briefing in Play decided that 5 1/2 times 500,000 equals $2,500,000.....They can't all be beancounters like you and me !



To: JDN who wrote (868)5/11/1998 6:50:00 PM
From: Jxcxjx  Read Replies (4) | Respond to of 6180
 
can someone explain the illiquid part to me? I'm drawing a blank,but I know that I don't like the word already!
Jx