IDT *(idtc) following this new issue?* Message Board

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Technology Stocks : IDT *(idtc) following this new issue?*

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To: Peter Yang who wrote (9279)	6/15/1999 10:55:00 PM
From: Hawaii60	Read Replies (4) of 30916

A serious question. Responses requested, re: NTOP shares. As you all know, the companies S1 filing for NTOP did not initially contain a provision for any NTOP shares to existing shareholders. I believe at least part of the reason for this was that the company was still in negotiations with other partners such as NBC and wanted to make sure they had enough shares available to retain controlling interest and also, possibly to sell another 5% in the future for $100 a share or whatever it's trading at. My question is this. The company currently holds 66%. If they were to sell another 6% to a new partner or partners they would be leeft with 10% available (and still retain 51% control). Soo, what would be the best and most appropriate way to maximise shareholder value with these shares. Should they give 5% to shareholders of record as of a certain date? Should they sell shareholders of record an additional 5% at whatever it is priced at to the public and make another 5% availabel to these same shareholders if they are still of record on IDT at a date say 6 months later, at the original price? What would you do if you were making the decision? Thanks in advance.

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