New Era of Networks (NEON) Message Board

STOCKTALK

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 : New Era of Networks (NEON)

NEON 1.870

-3.1%

Jan 26 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Digitom who wrote (189)	11/18/1998 11:06:00 PM
From: ----------	of 1222

Yes, I saw the article earlier on YAHOO news. NEON just had a secondary offering over the summer. It was during the road show that a lot of institutional investors learned of NEON. However, I must admit I'm perplexed as to why they need this money. The article did not state if the shares to be offered were PRE or POST split shares. There's a slight difference of about $120 million!!! Check the charts and you can see exactly when the offering occured. The stock was issued @$27, as I recall. (Doing this totally from memory, which isn't that great.) Dilution is a real pain for us current shareholders....no preemptive rights. Granted, the stock rebounded nicely after the last offering. IMO, it would be beneficial from a shareholder relations standpoint for management to come out and directly state they ARE committed to enhancing shareholder value. If this practice is anticipated to continue, IMO preemptive rights would be a good business decision. ANy other opinions? Regards, Doug

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next