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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: dennyv who wrote (4675)	1/15/1999 9:29:00 PM
From: Wes Stevens	Read Replies (3) \| Respond to of 56535

Again I am not the best person to answer this so if I screw it up someone correct me. The things you have to take into account are the number of shares out in NAVR, the percentage that it retains in the new company, and the number of shares in the new company. NAVR I believe has 13 million shares out. Let's say the total shares in the new company is 10 million. VVTV would have 1.5 million. If NAVR keeps 50% they would own 5 million shares. The ipo would be for 3.5 million shares.If the shares go to 100 like MKTW (I am NOT saying this will happen but it is a reference point). NAVR would own 5 million shares of the new company with a value of $100 X 5,000,000. Divide this by 13 million for the number of NAVR share out and you get $38 per share. Add this to the value of the stock before the ipo run up - some where around $5. Again this is just an example - NOT real numbers. The number for the % that NAVR will own after the ipo, the number of shares that will be ipoed and the price that it will rise to are unknown. But to give you an idea DBCC only owned 38% of MKTW and has 32 million shares out. If the net radio ipo does as well as MKTW, NAVR will be worth much more then DBCC. Ok Jeff did I screw it up real bad or am I in the ballpark??????