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Non-Tech : MILLIONAIRE. COM........( MLRE ) -- Ignore unavailable to you. Want to Upgrade?

To: StockDung who wrote (2117)	2/16/1999 5:31:00 PM
From: Bear Down	Respond to of 2664

For you Floydie the simple math shares... 6,700,000 Estimated original shares after 3 for one split of CRNA 1,800,000 options granted to insiders at $2.50 4,300,000 shares for Gatsbys 12,800,00 shares we know of... Keep in mind that we have no idea how many shares are being used to acquire the auction houses in New Orleans. (just that it is $7.2 mill) There has also been no disclosure of how many shares are being given in lieu of salaries and general expenses if any. There is also the question of the Magazine and domain name acquisitions of which MLRE has released absolutly zero information as to acquisition costs or placement of shares. When one considers the 3 unaccounted for acquisitions, salaries and general expenses, one should wonder how long the 5.5 million cash will last. (It may be gone already) I am very interested in their cash burn rate since MLRE is not producing positive cash flow. My rating for MLRE ...... A 3 flusher, wouldn't want to leave any floating around