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Technology Stocks : Net2Phone Inc-(NTOP)

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To: mact who wrote (827)11/6/1999 7:46:00 PM
From: Moose  Read Replies (2) of 1556
 
Mact/Brian,

FYI: 56% of the shares which will be sold constitute a secondary offering. This constitutes less than 1% dilution (3.6mil/47mil). At time of notice, NTOP was selling for ~$50. The price dip won't be (isn't) due to the dilution in this case, but just from nervous nellies. It will dip again once selling of the 6 million shares begin, but this is a temporal condition based on supply/demand. I would consider buying more on this drop, but I recently made bets on other small frys.

I've noticed that companies start and finishing the selling within 2 weeks of notice. Watch volume.

Cheers,
Moose
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