Looks like this offering got much more attractive now. This is what the S-1/A filed on 10/22/99 said :
ELIGIBILITY OF SHARES FOR SALE IN THE PUBLIC MARKET
At the effective date....................................... 1,609,724
90 days after the effective date............................ 29,184
180 days after the effective date........................... 23,793,794
More than 180 days after the effective date................. 1,691,983
However, this is what the S-1/A filed on 11/04/99 says :
ELIGIBILITY OF SHARES FOR SALE IN THE PUBLIC MARKET
At the effective date....................................... 27,752
180 days after the effective date........................... 25,404,950
More than 180 days after the effective date................. 1,691,983
So that will be 1.6 million fewer shares that could be flipped when the issue opens. That keeps the float really tiny and makes this issue much more attractive, IMO. |
