I still think tht GENI is a house of cards. Ultimate Holdings, Ltd., a Bermuda limited company, is the holder of 2,028,634 shares and a significant amount of GENI's debt. While some of these shares were acquired through the conversion of debt and the exercise of some warrants, a good portion were acquired through open market purchases. Yahoo has the float at 2.8 million and short sales (as of 12/8/00). My guess is that the float is significantly lower if you back out the shares held by Ultimate. From various SC 13D's:
sec.gov
(c) The following purchase were made on the Nasdaq open market on the following dates: <TABLE>
Shares Purchased/Sold(-) Date Purchased/Sold Purchase Price ------------------------------ ------------------------ ----------------------- <S> <C> <C>
1,600 2/24/2000 $16.50 -1,600 2/25/2000 500 3/1/2000 $21.06 9,200 3/2/2000 $19.94 -9,700 3/3/2000 1,400 3/6/2000 $22.16 1,100 3/7/2000 $21.89 1,500 3/8/2000 $21.42 3,200 3/9/2000 $21.38 -200 3/10/2000 -400 3/17/2000 2,000 3/20/2000 $16.57 200 3/22/2000 $16.97 100 3/24/2000 $18.57 100 3/27/2000 $17.31 -9,000 3/29/2000 12,300 3/30/2000 $17.28 -1,800 3/31/000 6,700 4/3/2000 $17.63 19,800 4/5/2000 $15.56 13,800 4/5/2000 $16.72 13,100 4/7/2000 $16.89 -8,300 4/6/2000 18,125 4/11/2000 $16.66 -13,275 4/11/2000 </TABLE> <PAGE> CUSIP No.: 37184T 106 13D Page 5 of 6 - ----------------------------------------------------------------------------- <TABLE> <S> <C> <C> 22,675 4/12/2000 $14.84 8,000 4/13/2000 $18.03 19,898 4/14/2000 $17.19 -2,600 4/14/2000 43,593 4/17/2000 $16.83 3,400 4/18/2000 $15.81 20,000 4/25/2000 $14.88 40,000 4/27/2000 $14.71 37,850 4/28/2000 $15.74 17,500 5/1/2000 $15.09 28,200 5/4/2000 $14.95 12,600 5/8/2000 $14.84 51,700 5/9/2000 $15.95 13,000 5/10/2000 $15.94 35,200 5/10/2000 $15.31 </TABLE>
Total: 411,466
sec.gov
(c) The following purchases were made on the Nasdaq open market subsequent to the Schedule 13D on the following dates: <PAGE> CUSIP No.: 37184T 106 13D Page 4 of 5 ________________________________________________________________________________ <TABLE> <S> <C> <C> <C> Shares Purchased Shares Sold Exercise Price Transaction Date ---------------------- ---------------- ---------------------- ------------------- 16,500 15.7032 5/12/2000 4,020 15.6315 5/15/2000 3,300 15.5515 5/16/2000 3,000 15.6563 5/16/2000 7,900 15.7493 5/17/2000 2, 500 15.0625 5/17/2000 5,100 15.185 5/18/2000 7,100 15.06 5/19/2000 16,340 15.2179 5/22/2000 4,400 15.9176 5/22/2000 600 15.9176 5/23/2000 5,350 15.318 5/24/2000 500 15.625 5/24/2000 6,000 15.1875 5/25/2000 7,000 15.4225 5/26/2000 1,700 15.2769 5/30/2000 5,325 15.13 5/31/2000 2,000 15.125 5/31/2000 12,032 15.12 6/1/2000 4,700 15.185 6/2/2000 4,600 15.185 6/5/2000 14,600 15.185 6/6/2000 9,350 15.185 6/8/2000 7,900 15.185 6/9/2000 5,600 15.3485 6/12/2000 12,300 15.185 6/13/2000 7,700 15.2353 6/14/2000 3,800 15.1875 6/15/2000 36,165 16.3125 6/21/2000 43,000 15.19 6/21/2000 46,000 16.4375 6/26/2000 22,250 15.935 6/26/2000 6,250 16.14 6/27/2000 13,500 16.1225 6/28/2000 13,675 16.1225 6/29/2000(1) 30,000 16.125 6/30/2000 6,500 16.1225 7/3/2000 4,000 16.125 7/5/2000 5,750 15.9696 7/6/2000 3,400 15.935 7/7/2000 9,400 15.2992 7/10/2000 5,700 15.3125 7/12/2000 13,240 16.7144 7/13/2000 20,000 15.0025 7/13/2000 6,792 15.3125 7/13/2000 34,000 16.7144 7/14/2000 1,600 16.5625 7/17/2000 7,200 16.0625 7/18/2000 7,200 15.9375 7/19/2000 10,000 15.8437 7/20/2000 22,500 15.9375 7/20/2000 700 15.75 7/20/2000 20,500 15.0533 7/21/2000 2,200 15.1875 7/21/2000 2,200 15.4091 7/25/2000 12,200 15.1875 7/26/2000 11,575 15.0091 7/27/2000 1,700 15.0625 7/28/2000 50,400 16.39 7/31/2000 3,800 15.77 8/1/2000 7,700 15.5413 8/2/2000 2,500 15.125 8/3/2000 5,700 15.185 8/3/2000 11,400 15.185 8/4/2000 6,000 15.185 8/7/2000 700,000 exercised warrant 8/7/2000(2) @$7.00 1,385,414
sec.gov
(c) The following purchases were made on the Nasdaq open market subsequent to the Schedule 13D on the following dates: <PAGE> CUSIP No.: 37184T 106 13D Page 4 of 5 ________________________________________________________________________________ <TABLE> <S> <C> <C> <C> Shares Purchased Shares Sold Exercise Price Transaction Date ---------------------- ---------------- ---------------------- ------------------- 1,600 $15.16 8/8/00 28,500 $15.1225 8/10/00 60,000 $13.33 8/10/00 2,720 $15.1131 8/11/00 3,700 $15.16 8/18/00 12,600 $15.0600 8/22/00 9,100 $15.0600 8/23/00 34,500 $15.060 8/29/00 22,000 $15.060 8/30/00
174,720
sec.gov
(c) The following purchases were made on the Nasdaq open market subsequent to the Schedule 13D and Amendment No. 2 to the Schedule 13D on the following dates: <TABLE>
Shares Purchased Shares Sold Exercise Price Transaction Date ---------------------- ---------------- -------------------- ------------------- <S> <C> <C> <C> 37,500 $15.560 09/01/00 15,000 $15.1850 09/05/00 25,000 $15.80 09/08/00 26,500 $15.1142 09/11/00 9,500 $15.060 09/12/00 25,000 $15.060 09/15/00 40,000 $15.060 09/18/00 90,000 $15.00 10/06/00 110,000 $15.0625 10/23/00 90,000 $15.00 10/24/00
468,500 |