Digital Island,Inc - (Nasdaq- ISLD) Message Board

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Technology Stocks : Digital Island,Inc - (Nasdaq- ISLD)

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To: Mohan Marette who wrote ()	12/27/1999 8:00:00 PM
From: Spiderman	Read Replies (2) of 1884

Here's the deal.. The stock was priced June 29, 1999. 180 days after the IPO, insiders can start to sell (and who can blame them). 180 days later..would be yesterday, December 26, 1999. So today is the first day insiders started selling. There are about 9M shares that theoretically can hit the market at once (if all of today's eligible sellers decide to sell...which is....uh...not likely) The stock will be under pressure for a period of time but will easily recover and SHORTS will move on to greener pastures maybe to AKAM or CMRC or some other high flyer. According to ISLD prospectus, 16,001,170 shares will be eligible for immediate resale in the public market subject to the limitations of Rule 144 according to their prospectus dated June 29, 99. Of such shares, approximately 9,195,875 will be eligible for immediate resale in the public market pursuant to Rule 144(k) without regard to the volume and manner of sale limitations in Rule 144. In addition, a total of 75,000 shares held by several holders will be eligible for immediate resale in the public market immediately upon the effectiveness of this offering.

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