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Microcap & Penny Stocks : ICVI (now MTEI) -- Ignore unavailable to you. Want to Upgrade?


To: Jack of All Trades who wrote (1545)5/21/1998 5:26:00 PM
From: dwlima  Respond to of 11850
 
i would assume that the 2.85 was based on the following:

1) 18M shares (11M in public)
2) 60M restricted (50M used in acquistion)
total of 78M shares

3) market value of approx. $200M

share price = 200/78 or 2.56...well, at least its close!

dwlima