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To: daaan who wrote (1568)11/19/1998 11:10:00 AM
From: Walter Morton  Respond to of 18366
 
I was thinking about that also. It would depend upon how many shares of NCII I had at the time of the merger. If it still would out to a round number or block that would be easy to sale, it would not be so bad EXCEPT for the fact that ATCO may be 500% overvalued. I would not buy ATCO for more than $.90. And if I take into consideration that AVCO may increase shares outstanding again, I may not want to pay $.90. Having said that,my opinion on ATCO may change once their earnings numbers change (become positive).



To: daaan who wrote (1568)11/19/1998 11:40:00 AM
From: Walter Morton  Read Replies (1) | Respond to of 18366
 
If you merged the three companies (PTSC, ATCO, NCII) without cutting costs they would look like this:

Sales $3.3 Million
Loss $9.0 Million

(based on latest SEC filings or Yahoo Profile annualized)

The big question is how many shares would you divide that loss by to come up with the loss per outstanding share?

The interesting thing is that NCII is making more revenue and incurring a smaller loss than ATCO, yet ATCO is selling for $4.18:

NCII: Sales $.5 million Loss $1.8 million
ATCO: Sales $.2 million Loss $3.2 million

(based on latest SEC filings or Yahoo Profile annualized)

quote.yahoo.com