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

To: PatiBob who wrote (8754)6/5/1998 7:05:00 PM
From: Sly_  Read Replies (2) | Respond to of 11850
 
Interesting thoughts from a lurker:

I have been following this thread for about a week, and haven't seen much in the way of true price estimates.ÿ So if you don't mind, I thought I'd send you my 2 pennies worth. I'm not on this SI thread to be able to post, yet, so I hope you don't mind me sending this to you.
I've noticed several people tossing the $2.85 per share ($200m in gas, etc. /70m shares) as a potential earnings per share. What this really gives us is not an earnings per share, but more of an idea of the Book value per share. If we assume that the $2.85 per share for the gas and other resources is actually does represent 40% of the minerals in place, then the asset value per share is raised to $7.125 per share, minimum. I haven't found any industry averages, yet, but taking ratios from another small gas company,(Royale Energy - Nasdaq ROYL) do you think we could be looking at something like this?
Assuming Royale's price to book ratio of 2.88 : Stock Price between $8.21 (2.88 * $2.85) and $ 20.51ÿ(2.88 * $7.12) per share?

Just a thought, what do you think?

Have a great day....

Jay Edwards

###



To: PatiBob who wrote (8754)6/5/1998 7:05:00 PM
From: V$gas.Com  Read Replies (1) | Respond to of 11850
 
ONE MORE TIME:

If you are a true Rocketeer, you must not respond to the scaliwags. It is written in the
Rocketeer handbook on page 23.

Regards,

Bob



To: PatiBob who wrote (8754)6/5/1998 10:39:00 PM
From: lazarre  Respond to of 11850
 
<<<<Off Topic>>>

PatiBob; haven't kept up with the horses since the days we cut our last class or 2 and snuck into Aqueduct and Belmont ( i grew up in Elmont ) to at least make the 3rd or 4th race.

Don't have a clue whose running tomorrow but once was told that 2 outta 3 times, bet the New York bred and raised horses to win the Belmont. Worked in the 60's and 70's.


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