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To: .com who wrote (1)2/1/1999 3:02:00 AM
From: hdrider  Respond to of 345
 
Float
Is it true only 600 thousand on the float? If true whole float has turned over a few times since 1-11-99.



To: .com who wrote (1)2/1/1999 8:46:00 AM
From: Louis Cornell  Read Replies (1) | Respond to of 345
 
I still need to do some math, although somebody else did a calculation (that indicated a $20+ valuation) based on comparing expected market cap to other ISPs.

Where you you get the $2.00? If it's from the 10-Q, their accounting practice is to report assets at cost. Based on that, the expected valuation would not be reflected on their books.


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