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Technology Stocks : Point West Capital (PWCC)

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To: Silicon Mo who wrote (58)2/15/1999 7:11:00 PM
From: Tibor   of 345
 
SEC filing for Flashnet

Flashnet is planning to raise $46 million during the IPO. The shares will probably be priced in the 15-20 range, so about 3 million shares will have to be offered.

Since the current total outstanding shares are barely over 3 million, a simple stock split prior to the IPO will ensure (i) the availability of 3 million shares to be sold; and (ii) that current shareholders' stake doesn't get diluted to almost zero.

I think this is plain and simple.
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