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Re: Grassrootpartners12 post# 3816

Friday, 09/15/2006 7:43:22 PM

Friday, September 15, 2006 7:43:22 PM

Post# of 5965
Are my numbers correct? If so might explain the volume....

If you annualize the first half of the year from the press release and the filings - N2J plus Tricell combined are doing over $37 million in operating income.

If you look at the fully diluted shares that are currently in the money and the 120 million warrants are netted against the shares put back to the company by N2J then you have 319 million shares outstanding in the money. (the other 60 million warrants aren't in the money yet, but if they where you would have a huge cash balance)...

This means this company is close to as big as Brightpoint in terms of earnings and trades at approx. 2.7 times pretax earnings.

Brightpoint trades at around 27 times pretax earnings....


What am i missing?

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