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Re: None

Wednesday, 10/31/2007 11:13:32 PM

Wednesday, October 31, 2007 11:13:32 PM

Post# of 10
Will try and get an updated share structure but this article seems to point out that only about an additional 2 million shares will be issued to the CEO and the debt financiers of China Cablecom.

7.7 million, let's just round up to 10 million for the heck of it, would give this only a $72 million market cap.

STV which has TTM revenues of $42 million boasts a $1.4 billion market cap. Looking at the PRs EBITA number of $11 million (probably a low figure so that it can be attained) revenues would be in the $30 million range imo.

Giving JGAC only half of STV's market cap would place it in the $70 range versus today's close of $7.18. (10m o/s x $70/pps = $700 million).

This stock looks like a good investment here. The warrants (JGACW), trading at $2.60 look to be even a better bet as the common stock price continues to rise.

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