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To: J. Nelson who wrote (1088)	2/24/1999 1:07:00 PM
From: GARY DECARLI	Respond to of 2136

JUST OUT 30 MINUTES AGO..... GOING STRONG!! 12:46 ET First South Africa Corp. (FSACF) 1 13/16 +3/8 (+26%): Investment company announced that it has acquired 81% of Internet-based travel agency Leisure Planet. Company also says has reached agreement to be the exclusive hotel and air travel services provider to Yahoo! in Germany and France. Volume 351K; intraday range 1 7/16 to 2 3/8; float 1.1 mln. (Press Release

To: J. Nelson who wrote (1088)	2/24/1999 2:40:00 PM
From: Grumps	Read Replies (2) \| Respond to of 2136

My first post since joining SI. My post #673 on RB (as Grumpygramp) gives company's estimate of $2 to $3 million in sales for 1988, with gross margin estimated between 30 and 40%. But, what about net? I didn't ask and it wasn't volunteered, but IF net income was 10% or 15% of sales, for instance, using est. sales of $2,500,000; and outstanding shares were 2,049,000 ( http:\\www.pcquote.com ); net would be about 12 to 18 cents per share for 1988. There are a lot of assumptions in there but I would not be surprised if I was pretty close. If so, we are at mighty low multiples, IMO, and without even considering what the future will bring. I am long and holding. Thanks to all for sharing their additional info. It is such a pleasure to read the good posts here. I can't believe I was so slow in escaping the verbal fights and profanity elsewhere, and I don't mean RB.