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Re: duelittle2 post# 28692

Tuesday, 10/20/2009 11:55:51 PM

Tuesday, October 20, 2009 11:55:51 PM

Post# of 79741
Duelittle - I just wanted to ask you if I have the right understanding of the financial arrangement with STS, based on recent PR's:

The value of STS is $80-100M. The price of EVRM's recent acquisition of STS was $15M. Class B shares were issued to purchase 75% of the $15M acquisition, or $11.25M. The remainder of the purchase price, or $3.75M, was paid for with mostly Class A common shares (like the shares we hold) and some cash.

Let's say the cash amount paid was $250,000. That would leave
$3,500,000 paid for with 124M shares of Class A common stock.
That would come to .028 per share, which was just about the low for the day on Tuesday.

However, the market value of the shares should really be calculated on the basis of the value of STS, or $80-100M,
about six times the purchase value, or about .17 per share.

Does this calculation make sense to you?
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y