High Speed Access Corp (HSAC) Message Board

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Technology Stocks : High Speed Access Corp (HSAC)

HSAC 13.88

-5.4%

Dec 18 4:00 PM EST

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To: VeloSpeed who wrote (85)	6/7/1999 10:48:00 PM
From: changedmyname	Read Replies (2) of 130

well, if Paul Allen owns over 50%, he didn't sell the whole thing. When they come public, they take the total outstanding shares, and allocate say 20% of it for the IPO. Allen owns over 50% of this total outstanding shares, and if the numbers we see on IPOcentral are correct, he sold ALL of his shares, and at most, could've kept at most 12.75%. That would also mean that all the investments that were made by other companies sold out at the IPO. The numbers just don't add up. 14.658 million outstanding and 13 of that floating just doesn't make since. No one would've bought the damn thing if Allen was liquidating his holdings... it would just be one big pos if he did. That's the only reason it is up to where it is, bcz of him owning so much. Otherwise you'd have a company with only 3,900 subscribers and it would've broken the ipo price. Jason

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