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Gold/Mining/Energy : First Telecom FTL-VSE -- Ignore unavailable to you. Want to Upgrade?


To: Ralph Mulder who wrote (36)4/29/1999 2:12:00 PM
From: Buckey  Read Replies (1) | Respond to of 127
 
OK here is my take - sat we have 3MM hares out and the trading is at .65 - That makes this a 2MM market cap. We have a deal almost done for a 17MM company ( the NR implies profitability may be suspect) we will have to issue many more shares ( see SBX for a similar scenario) but is not the shell of FTL worth more than .65????

somebody more familiar with this stuff. I will wait for 3 days but it seems like the price of .65 is the price of the day