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

INSP 92.15

-0.6%

2:51 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: gbh who wrote (2052)	3/16/1999 3:58:00 PM
From: Hawkmoon	of 28311

gbh, I really don't think the $90/share tender offer expiring on March 19th is all that pertinent. I can't believe PA actually expected that he would see the stock go that low. Personally, I believe he made the statement in order to greatly increase the net value of his preferred convertible stock. It was a nice kicker to what seems to be an already healthy risk premium he received from the placement of preferred stock. And psychologically, it did place a floor under the stock at $90 since the perception is that PA will buy the stock should it ever reach that level again. But of course, he's under no obligation to do so. Regards, Ron

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next