Tom DeReggi
RapidDSL & Wireless, Inc
IntAirNet- Fixed Wireless Broadband


----- Original Message ----- From: "Matt Liotta" <[EMAIL PROTECTED]>
To: "WISPA General List" <wireless@wispa.org>
Sent: Monday, October 16, 2006 1:49 PM
Subject: Re: [WISPA]Covad ExpandsBroadband WirelessNetworkWithDataFloAcquisition


Charles Wu wrote:
But, minority stock in a privately held company (or even many "public" OTC
companies) is generally worthless


Without arguing the point, stock valuations are higher than cash because of the added risk. If you look at the NextWeb purchase, which was 3x revenue; a good portion of it was stock. At the time, Covad's stock was $1.10; today it is $1.48.

-Matt

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