To: Far Side who wrote (1196 ) 7/8/1998 11:15:00 AM From: Hungry Investor Respond to of 3458
Jim, In regards to the interview, I'm realaudio deaf as well (behind a firewall) but these are my thoughts: 1. On the domestication: Early next week is great, it would be nice if it came through, but I think that they have to file their equivalent of a 10K before doing so (by the 15th and I haven't looked at EDGAR the last couple days). As we have previously discussed domestication could raise the price 10-20%. 2. On the partnering: I'm for it if it is a very good valuations. Obviously as a shareholder I want the highest valuation, would would come off something like being based on 1999 (or hopefully 2000) esitmated sales. If the Company were to get 3x 2000 sales, that would probably be a great valuation (over $500 million pre-money) which could also raise the value of the stock 20%. If they get a lower valuation, smaller benefit. Note that I have no idea what 2000 sales will be, but trying to conservatively guess (if we hit 100 million this year, it could be several hundred million in two years which would increase the benefit substantially, maybe to $15 per share near term, IMO). 3. I would love to sit in on a conference call like we had 6-7 months ago (or thereabouts). 4. I don't like seeing a bunch of options, warrants, etc. granted for small successes (like a financing). I think I asked about options being issued back in May. Companies are not required to disclose when the options are granted, just how many and at what price. Timing is always important. But I don't know too many comapnies that dont make alot of grants when their stock price is low (or reprice existing options). Its commonplace, but doesn't feel too fair from an individual investor point of view). Best regards, Scott.