InfoSpace (INSP): Where GNET went! Message Board

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Technology Stocks : InfoSpace (INSP): Where GNET went!

INSP 92.10

-0.6%

Dec 31 3:59 PM EST

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To: Hawkmoon who wrote (2036)	3/16/1999 9:23:00 AM
From: Sleeper	Read Replies (1) of 28311

Ron, I believe the ONLY way PA/VV can get controlling interest is by buying at a PREMIUM to market price. It's like this- no one in their right mind is going to sell a $115 stock for $90 unless the stock falls to that price, at which time the buying drives the price up again. Therefore, PA/VV end up chasing their tails. He needs to offer a premium to current market price in order for people to tender their shares, and with a stock like GNET, the markup will have to be substantial. Sleeper

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