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

To: didier LOUIS-MARIE who wrote (249)	2/7/1999 10:23:00 AM
From: .com	Respond to of 954

Hi didier, I did the math on OTEXF recently and only came up with about $2.25 per share of value to OTEXF. I see you are posting on this deal everywhere so I assume you are very familiar with it. Please review these figures and let me know what I am missing. Thanks. OTEXF owns 909,306 shares of Miningco.com. OTEXF has 20.2 million shares outstanding. If miningco.com went for$50/share (300-400% above offering price) that would place OTEXF's value from the deal at $45,465,300. $45,465,300 divided by the 20.2 million shares of OTEXF outstanding is $2.25/share. OTEXF has been in a horrible downtrend over the last month, almost 50% off of January's highs. So, what am I missing? Thanks, .com

To: didier LOUIS-MARIE who wrote (249)	2/7/1999 8:20:00 PM
From: C. McD	Read Replies (5) \| Respond to of 954

Here is a comprehensive(?) ranking of all the backdoor IPOs that I have followed (* denotes ones I've actually played). I would like to see how others would rank these issues, sorry if I missed any or messed any up (all by memory). ALREADY PLAYED OUT (backdoor/new issue): TSQD/DRIV* - last fall, TSQD owns ~27% WCAP/COOL* - last fall MKTW/DBCC - recent UBID/MALL - recent TMCS/forgot - recent PENDING - IN PLAY - GOOD POTENTIAL: UIHIA/UPCOY* - goes this week, lots of potential SFE/VERT - this week, room left to run NAVR/net radio - status unknown BNYN/switchboard - status unknown KLOC/800ussearch* - status unknown, but I like it XTON/e-lottery* - status unknown DLIA/ivillage - status unknown, but nice CGTVY/prodigy - prodigy will probably not do too well PENDING - PROBABLY NOT MEANINGFUL: UNH/Healtheon* - owns 10%, but UNH is too large to be impacted PTEC/priceline - seems over priced IMO PWCC - overplayed OTEXF/miningco.com - not enough impact on OETXF PLAY OF THE WEEK: BANY/ANYI - just started on Friday, relatively low volume, no PR has gone out yet on the SEC filing that caused Friday's rally. Could go to $3-5 range, here's my analysis on the SEC filing posted Friday morning when BANY was still $0.75: Message 7674582 IMO - until a PR comes out, this one will be a great play for diligent SI backdoor players.