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Technology Stocks : Activeworlds.com (AWLD) #1 internet chat site to go public -- Ignore unavailable to you. Want to Upgrade?

To: SgtPepper who wrote (183)	2/22/1999 12:30:00 AM
From: Jim DuBois	Read Replies (1) \| Respond to of 228

From corporate IR package: Shares outstanding after recent financing and forward split: 10.85 MM. Float: 2.5 MM. 1998 Sales: 650,106 (unaudited) year over year growth in sales about 26% Pre tax profits: 201,523 (unaudited) Revenue source: "mostly" from sales of citizenships @ 19.95 (and up). Thus there must be something less than about 30,000 members depending in the distribution of licenses and citizenships, and revenues from any adds etc. Based on 10.85 mm shares, and sales of 650K, PS ratio about 141. Even based on float PS is about 37 times sales. Using pre tax profits as earnings, PE=447 At this point, it does not appear that significant sales or revenue comes from adds or other sources, just citizens. Further dilution of shares may come later in year as well, as there is an "assumption that they will seek additional capital later in 1999. Good luck to all. Jim