SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Internet Capital Group Inc. (ICGE)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: IJReilly who wrote (1038)1/8/2000 10:30:00 PM
From: Tom Hua  Read Replies (2) of 4187
 
IJ, when CNBC talks about the size of the lockup shares, ICGE can easily take a 30% haircut. CMRC's lockup expiration was well known to many, but it wasn't until CNBC mentioned it repeatedly that really sent the stock on a downward spiral.

Potential investors ought to be aware that starting in February, a significant
amount of stock held by insiders will become available for sale. Over 46
million shares will become eligible for sale in February, another 45 million
from March through May and an additional 95 million in June. The
company said last month that a "significant number of these shares will be
sold when eligible for resale," meaning the market will have to absorb a lot
of stock in the next few months.

Regards,

Tom
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News