GTGO Message Board - Msg: 13006569

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Technology Stocks : GTGO

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To: Joe King who wrote (49)	2/29/2000 5:02:00 PM
From: Mel Fox	Read Replies (1) of 87

Joe: I bought a pharmaceutical company called Ligand about 5 years ago (only bot because I read Bill Gates took a X.X% stake in the company a few weeks earlier). It has done the spin-off routine about 3 times with various "reorganizations" ... each time I get new shares in one company or the other or options or warrants. The point of all this is: that each time there was a distribution there was a dilution! The good news is that each time they spun off something my value grew ... but only modestly. I watched another company (DDEQ) get hyped on a spin-off and that stock moved from $4 to well over $7 in a few weeks ... after the date of record was over for the future spin-off, the shares in DDEQ began to spiral down and now, I think they are worth less than a $1 per share. Don't know what ever happened to the "spin-off". I think my point is: it is kinda wild and crazy out there and most anything can happen. If what is about to happen, as I understand it ... it is, there will be a new company formed and 90% of the shares in that company will be distributed to current GTGO share holders in a proportionate manner. That will dilute the value of GTGO and we'll have to wait to see what the value of the new company is to be. One thing you/we might do is buy on the dips and trade this one during this "information" period. That is the opportunity I missed on the DDEQ stock. There were several chances to make 15 to 20%+ from day to day over a few weeks! The after hours market is kinda strange to me ... I've watched a few "hot stocks" trade at some very, very strange numbers in that market and come down to earth when the market opens the next day. Seems to me that some folks get burned in the after hours market ... might be a good market to sell in but, be cautious to buy in. I hope you are right and this stock does "rocket" into a nice, high orbit! Mel

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