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Technology Stocks : DRIV (DIGITAL RIVER). Get in on internet IPO.

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To: David Browning who wrote (2724)10/16/1999 12:12:00 AM
From: C. McD   of 3198
 
Was Stanford Fingerhood a former TSQD CEO? I didn't catch that, but I was able to find out is that he is an analyst or Dirks & Co. It appears he may do this for a living:
siliconinvestor.com

I've never been in a stock that had a lawsuit like this before, but a corporate lawyer friend of mine says this kinda stuff happens all the time.

You're right about the ratio, I was buying TSQD every time the ratio approached 7 (~14%) and I would sell when it got below 6 (~16.7%). 6.2 is not bad, but I'm afraid if this thing goes to court we'll get less DRIV for our TSQD shares. I fully expected the dilution to approach 15 million TSQD shares. If the ratio drops back to below 12% it may be a good buying opportunity.

What is Stanford trying to do anyway, sue TSQD so they'll have to use $60,000,000 of DRIV shares to support a catalog company worth less than $3 million? The lawyers are the only ones who get rich here, I wonder if Mr. Fingerhood coulda shorted TSQD before he filed the suit? I did notice that a Shirley Fingerhood, NY attorney, recently sued (and lost to) the NASD - wife, sister? I'll be watching this one closely.
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