SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : CMGI What is the latest news on this stock?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: FR1 who wrote (10285)6/16/1999 9:26:00 PM
From: Larry Zenith  Read Replies (3) of 19700
 
IMHO, CMGI investor can get 3-5 IPO shares for every 100 CMGI shares he/she owned.

Do the math, CMGI said that it will allocate 5-10% of majority-owned companies to CMGI shareholders. Since CPTH has 35M shares outstanding, SILK has 35M, so let's assume the new company has 20M shares, 10% of them gets you 2M shares. While CMGI has 95M shares outstanding, theoritically, CMGI investor can get 2 IPO shares for every 95 CMGI shares. Since DW will not compete with us ( he owns around 20% of CMGI ), and considering some investors are living outside US, 3-5 shares is a good guess. Anyway, your guess is as good as mine.

should be able to get IPO share after it is fairly priced, should be no holding restriction, no broker restriction.

CMGI will contact you thru your broker, after that you decide to participate or not.

These are just my guess.

LZ
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News