VitalStream Holdings Inc. (VSTH) Message Board

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Technology Stocks : VitalStream Holdings Inc. (VSTH)

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To: Augustus Gloop who wrote (337)	6/2/2000 10:47:00 AM
From: Land Shark	Read Replies (1) of 447

Tell me what will happen when Net2Wireless holders cash in their options and sell their stock.. Sensar proposes to issue 18,295,060 shares of common stock to the holders of equity interests in Net2Wireless and 1,000,000 shares of common stock to certain individuals involved in introducing Sensar and Net2Wireless. In addition, Sensar will grant options and warrants to acquire up to 14,766,649 shares of common stock to the holders of similar options and warrants to acquire shares of Net2Wireless stock. On top of some 6.5MM issued and outstanding shares, what type of dilution would 34MM shares do? You just got diluted to death. Oh, you could reply that the Net2Wireless insiders have strong hands, but where've I heard that before? Check out the latest S-4 registering shares... This is some kind of reverse merger IMO, but, why couldn't Net2Wireless get a listing the good old fashioned way? Experience has shown that companies that get in through the back door aren't very fundamentally sound.

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