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Technology Stocks : SYTE - Sitestar
SYTE 5.490+0.9%Aug 11 5:00 PM EST
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To: Joe Copia who wrote (3)10/23/2000 7:59:58 PM
From: Glenn Petersen  Read Replies (2) of 301
 
No need to call. I found out all that I need to know from reviewing the FASH filings. Essentially, SYTE intends to finance the deal with SYTE's cash. As of June 30, 2000, FASH had cash on hand totaling $37.719 MM. This works out to $5.03 per share. Additionally, the deal is completely dependent on the response of FASH's management; officers and directors control 52.1% of the stock. FASH, not SYTE, is the play here.
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