F.GEMS: MICROS to GO!...

[Francois+Goelo]

¶ CORRECTION: the calculation Method for ENP/IFTP...

I used is flawed and here is the correct version, I hope...

http://biz.yahoo.com/bw/010615/2164.html

1) ENP has 18.6 million shares oustanding @.14 per share, giving a Market Cap of $2,604,000... It will have about 1 million shares in the new Company, thus each new share will cost, if acquired by buying ENP shares: $2.6 mil ÷ 1 mil sh. = ± $2.60/sh...

2) IFTP has around 600 million shares outstanding @.024 per share, giving a Market Cap of $14,400,000... It will have about 13.1 million shares in the new Company, thus each new share will cost, if acquired by buying IFTP shares: $14,400,000 ÷ 13,100,000 sh. = ± $1.10/sh...

I haven't bothered about the Warrants at $5.00/share on the IFTP side, however, ENP gets to keep all its Assets (Book Value: 28 cents x 18.6 mil shares = $5.2 mil, including Cash of $1.1 mil + $500K from IFTP) that it plans to spin into another OTC-BB shell, whose shares will be distributed to current ENP shareholders...

Even after the correction, the deal still works in ENP's favor ($1.60/share cash value + other assets are spun off), but only marginally so...

JMHO, F. Goelo + + +