Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: didier LOUIS-MARIE who wrote (443)	3/20/1999 9:20:00 AM
From: Glenn Petersen	Read Replies (2) \| Respond to of 954

While I agree with you that MINE is probably going to be a hot IPO, it is not going to have much effect on the intrinsic value of OTEX. OTEX has 20,187,000 shares outstanding and it has a market cap of approximately $475,000,000. Even if MINE trades at $50 per share, the value of OTEX's 885,201 MINE shares will be worth only $44,260,050, or $2.19 per share. I you are unable to get any NINE shares at the initial offering price, you may want to look at Suite101.com (BOWG) as a sympathy play. Their site does essentially the same thing as MINE. They have suffered from a lack of capital, though it is my understanding, from a review of their SEC filings, that they are looking to raise as much as #3.0 MM during the first quarter. BOWG was the creation of a reverse merger last year and they are fully reporting.