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Technology Stocks : BACKDOOR, an IPO> IDTC,BRKT,BNYN,KLOC,NAVR -- Ignore unavailable to you. Want to Upgrade?

To: .com who wrote (211)	1/29/1999 3:55:00 PM
From: Tracy Moore	Read Replies (2) \| Respond to of 954

Back door THIS, boys and girls... PWCC at $13.50 going to $50 plus on Flashnet IPO Feb 22(3 weeks)! With only 3.6 mil outstanding and a MICRO FLOAT, PWCC could kick it HIGH and HARD to $100 PLUS before settling in the $50's... here's the scoop: Its a SUPER CLEAN, no muss no fuss PLAY!!! Point West Capital - PWCC thru it's subsidiary Fourteen Hill Capital owns investments in a few companies. Some are public and some are private. They own 11% of the ISP Flashnet. Flashnet is scheduled to do it's IPO the week of Feb 22. ipocentral.com fourteenhill.com Here is my guess for the value of this IPO. I compared Flasnet to two other ISP's that are public, one smaller and one larger. Internet America - GEEK has 50,000 customer's and a mkt cap of 183.1 mil. MindSpring - MSPG has 693,000 customer's and a mkt cap of 3070 mil. Flashnet has 170,000 customer's and should have a mkt cap of aprox 622.5 mil to 753.1 mil. PWCC owns 11% of Flashnet, so their share should be 68.4 mil to 82.8 mil. PWCC has only 3.25 mil shares outstanding. This means for each share of PWCC you would have $21.04 to $25.47 worth of Flashnet. Plus PWCC book value is $6.65 and they have $1.52 of cash. I dont know the value of their other holdings, but it looks like this stock is a easy double from the current price of 10 1/4.