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Microcap & Penny Stocks : NEWS ALERTS...Morning plays posted before 9:30 -- Ignore unavailable to you. Want to Upgrade?

To: Lance who wrote (503)	12/22/1998 7:54:00 AM
From: John Martin	Respond to of 931

Ubid Now Worth More Than Twice Parent as Its Stock Surges news.com MALL owns 80% of UBID (an internet auction site) which just hit $85 yesterday. MALL intends to distribute the shares of UBID to shareholders in approx 150 days at 1 MALL = .72 UBID ratio. Based on that alone, MALL is worth $85 x .72 = $61. But it gets better, since MALL has a software/hardware online/mailorder business MAKING $$$ that is doing > $700M in revenue which is worth another $10-15. MALL is currently worth $71-$76 but is trading at $35-3/8 or almost a 100% discount. Today, one of two things is going to happen: 1) MALL gaps up to close this discrepancy 2) UBID will drop increadibly (I doubt this one...)