Yeah you would think it is trading at a discount but GPW is not being very clear on this deal. Perhaps the details need to be worked out yet. Also it seems odd that they would not have insisted on a premium to the market price of GPW. Did they not think their company was worth more? If not, then did they capitulate for $1.08 because GPW was going to end up in bankruptcy eventually? Seems odd, all in all. Or do they think that CYPOST will continue to sky rocket, and GPW shareholders will be rewarded?
Anyway, CyPost is splitting its stock. This is a positive sign but I wonder how it will translate into the transfer. In theory it should not matter. $1.08 is 1.08 unless that was just the approx amount once the undisclosed ratio was developed???
Wednesday, September 14, 1999
CyPost Corporation announces 3-for-2 Stock Split
"Protecting your privacy"
Dover, DE - CyPost Corporation (OTC BB: POST), announced a
3-for-2 common stock split today. The split will become effective at the
close of business on September 24, 1999.
?This split broadens our appeal across the investment sector, adding
liquidity and attracting new investors?, said Steve Berry, CEO and
President of CyPost Corporation. ?CyPost?s common stock has
enjoyed steady price appreciation since it began trading last year. We
are pleased that our investors understand and support our business
model to provide privacy and protection solutions that are easy to use.?
Privacy and protection issues are increasingly emerging from
mainstream media. Publications such as PC Magazine are
addressing the issue in everyday terms, making privacy and protection
issues more accessible and relevant to mainstream and technically
astute audiences.
?Increased awareness of privacy and protection issues coupled with
our recent acquisitions and access to a solid client base has made
CyPost attractive to the investment community?, said Berry.
Current CyPost investors will be contacted by the Company?s Stock
Transfer Agent Continental Stock Transfer & Trust with further details.
About CyPost
CyPost Corporation (www.cypost.com) develops broad-based privacy
and protection solutions for individuals, business professionals and
corporations. The company provides complete privacy and protection
management, including encryption technology, anti-virus software and
content management applications, for use at entry points and
gateways to the Internet.
The CyPost Network of Service Providers is a network of wholly
owned Internet service providers that strive to offer the most up to date
privacy and protection solutions available to subscribers. CyPost?s
business model incorporates privacy and protection solutions and
Internet connectivity to enable access to applications online. For more
information please call toll-free 1-877-CyPost1. |
