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Technology Stocks : Audio and Radio on the Internet- NAVR -- Ignore unavailable to you. Want to Upgrade?

To: Jay Durell who wrote (4514)	1/17/1999 10:38:00 PM
From: dennyv	Read Replies (4) \| Respond to of 27722

$18 Price I am going to take a stab at this with the understanding that I have no idea what I am talking about. OK, assuming that the pre-runup price of NAVR was about $5.50 and assuming that NAVR owns 85% of NetRadio and assuming that there are now about 13.5M outstanding shrs and assuming that there are 2.25M shares in the IPO this is my guess: 2.25M X 85% = 1,912,500 (NAVR's share) 13,500,000 / 1,912,500 = 7.05 (IPO vs outstanding shs) $18 - $5.50 = $12.5 (already runup) To sustain the +$12.5 already in the price, you would need each share of the IPO to runup and hold at aprox $88.2 OK experts, pick this apart because I'm trying to get a handle on this myself.