A lurker points out that there were 47 million shares out for Fountain as of 12/97, and 2.4 million as of 12/99. I went to the SEC disclosures and found this.....
In order to facilitate the conversion of the Company's
Preferred Stock and to enhance the market price and liquidity of the Company's
Common Stock, the Company effectuated a one for twenty reverse stock split,
specifically, a conversion of every twenty issued and outstanding shares into
one share of the same class of Common Stock as of December 11, 1997 (the
"Reverse Stock Split"). As of December 22, 1999, the Company had 2,380,301
shares of Common Stock outstanding.
So.... I'll multiply the basis for Fountain in the "cheat" portfolio by 20, and reduce the number of shares purchased. Again, that basis was the mean between a quarterly high and low, so this is all very approximate. I'll leave the commission at $500 to reflect the fact that it was and still is a penny stock..... that one would have been buying 20K shares to reflect the 1K shown for today. |
