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Microcap & Penny Stocks : Tech Squared (TSQD)- Internet Commerce -- Ignore unavailable to you. Want to Upgrade?

To: Hope who wrote (2279)	9/24/1998 3:07:00 PM
From: M. Frank Greiffenstein	Respond to of 2752

Talk amongst yourselves. I am not going to get into the percent ownership vs. shares owned argument. This is a dead issue and settled in my mind. I am not oging to rehash it. But I AM happy to get postings to the TSQD board again. I am happy that AAPL is undergoing a renassaince, should bode well for Paint Shop products. Internet mania has descended again and it may rub off on DRIV. But I remain negative on the overall market. DocStone

To: Hope who wrote (2279)	9/24/1998 3:50:00 PM
From: Jim Kay	Read Replies (1) \| Respond to of 2752

Hope .... the 15M should be 11M based on last company release ... eom

To: Hope who wrote (2279)	9/26/1998 3:57:00 AM
From: Quad Sevens	Respond to of 2752

For the nth time: TSQD owns 3.2 million shares of DRIV. So the value of DRIV attributable to each share of TSQD is (3.2 million x DRIV) / (# fully diluted shares of TSQD). Why is this difficult? Incidentally, I think fully diluted shares is a better measure of the situation than are shares outstanding. It's back to the future: If DRIV does well going forward, then TSQD's price will do well (allegedly), and numerous TSQD options will be exercised. I believe # fully diluted shares of TSQD is on the order of 14 million. So DRIV alone should yield .23 x DRIV per share of TSQD. With DRIV at about 8.5, the value of TSQD should be about 2. (This ignores a "holding company" discount, but it also ignores value of TSQD as an enterprise unto itself. Just assume these balance out.) So TSQD appears undervalued. On the other hand, you guys now have to deal with this crappy little press release--dated Friday after market close, puke--announcing the resignation of the CFO. Not good. Wade PS: The .3 factor was earlier derived assuming 10.5 million shares outstanding. I believe the .23 factor is more realistic.