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Microcap & Penny Stocks : RMS TITANIC INC (SOST) -- Ignore unavailable to you. Want to Upgrade?

To: Sam Biller who wrote (174)	5/26/1999 1:28:00 AM
From: Michael Paul Langley	Read Replies (1) \| Respond to of 217

Sam, this is what I have assessed so far concerning SFX agreement. SOST shall receive an MINIMUM of $8.5 million annually (with the right to extent contract out 4 years at given rate). Therefore on an equalized Q statement that should accrue to about $2.125 million per Q in Exhibition sales (the average exhibition sales + merchandising has been about $1.333 million per Q average last 3 Q's of fiscal 99(last two Q's have dropped to about $1 million) SOST still will be able to sell merchandising and coal from their online website which has averaged about $200,000 per Q this year. Adminstration expenses have average about $500,000 while another $100,000 or so for cost of merchandise and depreciation, etc. If all these expenses and revenues stay around the same it should increase earnings per share. From my numbers I get about an average of of about $.10 per Q or $.40 per year (while first 9 months they have pulled in $.18 or average of $.06 per Q). Because they revenue stream appears to be more certain now (don't have to worry about Titanic mania dissappearing now so much with this extended agreement)Stock should appreciate to the levels you have mentioned.