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Post# of 704041
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Zeev Hed

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Zeev Hed

Re: da_cheif post# 46700

Monday, 11/18/2002 5:41:07 PM

Monday, November 18, 2002 5:41:07 PM

Post# of 704041
Thus you think that in the foreseeable future VLNC will command a market capitalization of between $3 to $5 Billions (depending how man more shares they'll have to issue to stay alive) that is quite rich. Is that based on royalties revenues or actual cell sales? The question should really be what kind of model of future events, market penetration and type of revenues are you using to get such a lofty valuation?

Zeev

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