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Technology Stocks : Zitel-ZITL What's Happening -- Ignore unavailable to you. Want to Upgrade?

To: dumbmoney who wrote (17256)	10/7/1998 12:17:00 AM
From: Michael	Read Replies (1) \| Respond to of 18263

Zit fully diluted is about 21 mil. shares MartiDigm will need to receive 17 mil. shares of new company. With 17 of the 38 mil. shares MD will have 44.7% ownership. Zit share price is $3.21 17 mil x $3.21 = $54.6 mil. plus $10 mil in debts Zit assumes. Total price for MatriDigm is $64.6 mil.(in theory) Of course MatriDigm has $3.8 mil in sales and Back to Back fiscal year $10.0+ mil. LOSSes. Product also dies on y2000. (Product is already dead, the hype just ends on 1/1/00) Your Friend, Michael