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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Joe Copia who wrote (9073)	10/23/1998 3:09:00 PM
From: Boob	Read Replies (2) \| Respond to of 25711

Ok Boob to the rescue...math mastermind Under terms of the agreement, FXWA issued to International 6,817,248 shares of FXWA common stock, giving International 49% of FXWA, together with promissory notes with an aggregate face value of $180 million, and warrants to purchase 36 million additional shares of FXWA common stock which, when exercised, will bring International's ownership of FXWA to approximately 85%. The warrants are excercisable anytime prior to September 1, 2003. FXWA price - $6.50 NUOA will receive : 1) 6,817,248 shares x $6.50 = $44.3 million value 2) $180 million promissory note 3) 36 million warrants to purchase FXWA stock...unsure of market value for the warrants so let's just assume worth $0.50 each....value = $18million to NUOA total = $44.3mil + 180mil + 18mil = $242 million NUOA currently has 69 mil o/s shares....value per share = $242mil / 69 mil = $3.50 per share value Wow, sounds unbelievable?????...stock trading at $0.03.. common sense or not enough? boob