Net2Phone Inc-(NTOP) Message Board

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Technology Stocks : Net2Phone Inc-(NTOP)

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To: Anthony@Pacific who wrote (161)	7/31/1999 8:50:00 PM
From: Gutterball	Read Replies (1) of 1556

To follow up your dilution copy and past, the shares you highlighted are accounted for in the total 47,522,619 shrs outstanding listed in the prospectus. Following is some of what the prospectus says about selling those shares... "In addition, each Series A convertible investor agreed to a lock up with respect to their shares for a period of 180 days following this offering. The Series A investors, IDT and Mr. Sobel also agreed not to transfer any of their shares to any of our competitors for a period of 36 months, and thereafter only subject to our right of first refusal. However, the stockholders agreement does permit transfers between Series A investors." edgar-online.com Now, just what exactly are you asking me to believe about the transfer of those 42,122,619 shares not in the float?

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