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Microcap & Penny Stocks : Gator's Picks from the Swamp -- Ignore unavailable to you. Want to Upgrade?

To: VINCENT MALGAPO who wrote (219)	2/10/1999 7:54:00 AM
From: Gator	Read Replies (1) \| Respond to of 616

No mistake on the MOKA deal. $10.75 million in cash, 1,667,000 shares of DDRX common stock (currently at $5, now worth $8,335,000), and either $14.25 million in cash or $14.25 million worth of cash and stock based on successful completion of a secondary offering by DDRX. With 10,760,000 shares outstanding on MOKA common stock, the total deal is currently worth about $3.10/share. Great deal for DDRX, since MOKA's book value is over $4/share. Good deal for MOKA as well, since as DDRX share price goes up (which is expected), the 1,667,000 shares of DDRX common stock become more valuable, raising the deal worth to MOKA. Gator