InfoSpace (INSP): Where GNET went! Message Board

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

INSP 65.70

+0.2%

Feb 6 9:30 AM EST

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To: GraceZ who wrote (2407)	3/25/1999 12:21:00 AM
From: Bajasurfer	of 28311

Complicated but I believe this to be true... Paul Allen 300 million cash investment into GNET is from convertible preferred stock. The additional amount is from insiders directly and the so called upcoming tender offer.... Come on PAUL ALLEN ADMIT IT....YOU BOUGHT THOSE ADDITIONAL SHARES ON THE OPEN MARKET DIDN'T YOU.... Well regardless, Gnet float is very, very thin. I believe a 3 for 1 split is reasonable considering the demand for the stock. Baja

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