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Technology Stocks : MER Telemanagement (MTSLF) - Internet/web Co.
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To: PREFSTOCK who wrote (24)1/10/1999 7:27:00 PM
From: blankmind  Read Replies (2) of 75
 
- what float?

- C. Mer, the parent, owns 69.7% of the o/s shares; or 3.3 mill shares.

- There's only 4.7 mill shs issues & o/s. Take away 3.3 mill owned by the parent, C. Mer, another 500k (approx) owned by officers & directors, and nothing's left. Actually, maybe 900,000 shares - at the very most - for us.

- Hence, 2 weeks ago, 70,000 shares moved the stock price up 34%. As the bid went up. The offer just wasn't there.
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