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Re: roya99 post# 153248

Thursday, 11/18/2004 3:04:08 AM

Thursday, November 18, 2004 3:04:08 AM

Post# of 396422
Mindblower regarding TSBI

According to my calcuations, you could buy 100 percent of the outstanding shares in this company right now (12.13 million) for $157,000 at the current share ask price of .013.

The company lists $2.3 million in CASH on hand, and only $700K in debt. So theoretically, (although the share price wouldn't stand still obviously) according to my primitive math, you could buy all 12.13 million shares for $157,000, take the cash, pay off the debt, have pocket change left over and then... sell JJ Whispers nightclub in Orlando!! Which TSBI holdings apparently owns.

I know I must be dreaming....


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