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Strategies & Market Trends : ZixIt Corporation (ZIXI)
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To: Tim McCormick who wrote (2374)4/10/2000 9:05:00 PM
From: Tom Hua  Read Replies (2) of 4120
 
Wayno paid 48 but he got warrants with a theoretical value of ? -maybe 16 to 23. So he really paid less than 35.

Tim, Huizenga group's cost basis is $24 1/2 per share.

1,222,223 shares at $7/share
916,667 shares at $48/share.

because those 1,222,223 shares have been registered and are exercisable immediately, I wouldn't be surprised to see those shares hitting the market soon.

You see, if they sell the 1.22 million shares at $36 or higher, the 916,667 shares are theirs for FREE.

Watch for upcoming SEC filings.

Regards,

Tom
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