Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Creative Computers(MALL) -- Ignore unavailable to you. Want to Upgrade?

To: Frost Byte who wrote (269)	11/18/1998 11:27:00 PM
From: Tom Hua	Read Replies (3) \| Respond to of 1634

Forst Byte, By the time UBID goes public, the IPO frenzy may have cooled down a lot. Already, recent hot IPO issues have given back more than 50% from the first day high. EWBX dropped from 85 to 39 today, TGLO from 97 to 32. MALL shareholders will get 0.719 share UBID per share of MALL. But there's a catch, they have to wait at least six months before MALL is allowed to distribute the UBID shares. Because of the uncertainty in price swings in 6 months, the UBID value per MALL share will always be traded at a discount from UBID's trading price. My guess is the value is discounted 30% (WCAP's value in COOL is discounted at 40-50%). The MALL core business is valued at about $8. So my formula for MALL when UBID begins trading is: MALL price = 0.70.719UBID + 8 If UBID goes for $14, MALL will be $15. If UBID goes for $40, MALL will be $28. COOL opened at 25, traded at 6 two months after IPO, so let's not forget that UBID can go down too, so If UBID drops to $7, MALL will be $11.5 Regards, Tom