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To: SteelerStu who wrote (468)	4/19/1999 1:08:00 AM
From: Francois Goelo	Read Replies (1) \| Respond to of 1567

Dave, I see that Hawai is not dampening your juvenile enthusiasm... However here is a more down to earth and realistic approach. The CEO predicts EPS of 8 to 12 cents for 1999. Let's say an average of 10 cents. Such a Company in its earlier stages of development could reasonably command a PE ratio of between 30 and 50, giving us a potential price range of between $3.00 and $5.00. Until we get more tangible news (I still have not received the promised investor's package), I would assume that $5.00 would fully value the Company. Anything more than that would be pure speculation. Again, there are definite and serious risks in this investment, far more than for XNET. The float, for example, originally estimated at 500,000 shares is far larger than that, even allowing for the fact that many transactions are double counted . The foregoing is my opinion only. Please, refer to my full disclaimer in the thread's header. Regards, F. Goelo + + +