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Microcap & Penny Stocks : Agiss Software (AGCR) - Year2000 + -- Ignore unavailable to you. Want to Upgrade?

To: ANGLER who wrote (1736)	5/18/1999 2:51:00 PM
From: LaShark	Read Replies (1) \| Respond to of 1811

How many shares are outstanding? As I understand, 29 million Why so much volume? Don't know What is expected in the next few days? Doubt anything good What is the float? As I understand it, 63 million I think almost everyone on this thread sold. You may want to check www.ragingbull.com. Think the folks over there still have faith Good Luck

To: ANGLER who wrote (1736)	5/18/1999 3:16:00 PM
From: pitchlyn	Respond to of 1811

Float/sos To: BM (0 ) From: CigarHolder Monday, Mar 15 1999 4:28PM ET Reply # of 1738 FYI Dept Regarding AGCR shares There are a total of 63,106,945 shares for AGCR Of these, a total of 37, 770,838 carry a 144 restriction. That means that if the shares have been held for AT LEAST one year, they can be sold by the owner. The remaining shares 25,336,107 are "free trading" aka "the float"/ Therefore, if the BID is $0.055, the market cap looks to be around $3.5 million ( 63, 106,945 x .055). I received this information as to shares from AGCR's transfer agent today. There has been some discussion as to "valuation" of AGCR. IMO, it all comes down to cash. This is equated in EPS ( earnings per share). For example, if Agcr did $10 million in business and they netted $5 million in income, the EPS for AGCR would be about $0.08 EPS. EPS is just an accouting tool, so don't put too much into it for valuation, thoug it is a great measure of success. For me, it will be the "book value" of AGCR. This is the NET worth (shareholder's equity of all the assets or Assets = Equity) of the firm divided by the outstanding hares. Dantex mentioned AGCR might have, let's say, $20 million in software. Assuming that it is all "owned" and it is an asset, it's part of the "book value" Let's further assume that this is the latest quarter's net worth for AGCR ( no goodwill, etc...). The "book" on AGCR is Net worth divided by shares outstanding or $0.32 per share. I know this is oversimplyfying things, but if you were a prospective buyer of AGCR and your net worth was Dantex's $20,000,000, wouldn't you want to keep the price under book? For my money, though, I'd use a discounted cash flow (DCF). By factoring capital expenditures and other cash flows to generate the earnings, you have a better financial picture and can estimate future cash flows ( CASH IS KING). This is, of course, IMO. CH