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Re: mcenulty post# 9954

Thursday, 06/09/2005 5:49:57 PM

Thursday, June 09, 2005 5:49:57 PM

Post# of 19549
I think the most reliable figure in figuring this deal is what would a company consider veltex shares to be worth on buy when trading at $1.25. I say max $1.50/share.

So once again Matin used a stock that he would claim is worth $10 at best as $1.50/share.

Negative if you hope Veltex is worth $10.

If all along you considered Veltex to be fairly valued which is reasonable, then the deal may be good but with the fairy tale stories about $3.00 earnings $1.38 earnings $1.00 earnings, there is no way to know.

sam