InfoSpace (INSP): Where GNET went! Message Board

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Technology Stocks : InfoSpace (INSP): Where GNET went!

INSP 83.42

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3:59 PM EST

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To: Robert Rose who wrote (10372)	7/27/1999 1:43:00 PM
From: Larry Zenith	Read Replies (1) of 28311

Russell only owns 10% of GNET. Before PA's deal, he used to have 3 something M shares. He has to surrender a third to Vulcan in order to let the deal go thru. After that, post-split, he owns around 4M shares of GNET, considering GNET's 41M shares outstanding. Barring any potential shares he is going to convert from options, he only owns 10% of the company. How could he sell 10% of GNET? Is he cashing out? No effing way. The one factor I considered when I invested in GNET is that there is no way for insiders to sell. #79

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