InfoSpace (INSP): Where GNET went! Message Board

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Technology Stocks : InfoSpace (INSP): Where GNET went!

INSP 66.33

+1.0%

Feb 9 3:59 PM EST

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To: sandintoes who wrote (19001)	5/10/2000 1:21:00 PM
From: playavermont	Read Replies (1) of 28311

<<If I'm not mistaken the stocks you're referring to, are the ones that they had to sell to PA to satisfy the deal, so it wasn't a case of selling to take a profit!>> When you say... " the ones that they HAD to sell to PA to satisfy the deal "... Lets look at that statement for a second... They, Go2net's Officers, were absolutely brilliant in that they negotiated a deal in which THEY got $300 Million in the form of a cash infusion to help grow the company but also included the GUARANTEE of PERSONAL success by demanding a buyout of their personal holdings... This way they can claim that they have never sold a share of their company and are holding fast and true while at the same time taking $126 Million and putting it in their pockets... Just listen to that CNN Stuart Varney interview back in December when he states that Russ has never sold a share of his $350 Million (at that time ) stake... Well, yeah...Russ never sold one stinking share ON THE OPEN MARKET... BUT he personally pocketed $90 MILLION of THE $126 MILLION thru the PA DEAL... Which was a private transaction... And there you go...Not a bad take on 2 years of building a net business... And he still holds nearly 3 Million shares...NOW THOSE shares have never been sold... BIG DEAL... Let's see some of the $90 Million be put back into GNET stock if they have such a bright future... Heck... He can now get in on a 12% discount to his $45 Sale Price of a year ago!! BARGAIN!

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