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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: TRIIBoy who wrote (12167)11/23/1999 9:19:00 AM
From: TRIIBoy  Read Replies (2) of 18998
 
AOL allowed to buy NTOP stock for $7 per share, and NTOP "investors" celebrate. What a joke. Why is AOL paying such a low price, below even the offering price? Because NTOP is paying AOL off.

From the latest filing:

Thus, AOL would be permitted to purchase a total of 1,834,999 shares of
common stock. The per share exercise price of the AOL warrant would be $7.36
per share, which is $450 million divided by the 61,166,647 fully-diluted shares
expected to be outstanding.
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