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Technology Stocks : VitalStream Holdings Inc. (VSTH)
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To: leigh aulper who wrote (41)7/9/1997 6:49:00 PM
From: SirAlexx   of 447
 
Leigh, I admire your faith, but below is an excerpt from the S-3 filing, which clearly states that the proceeds go into the pockets of the selling shareholders, not to the company; therefore it is not a filing, but is indeed a raping!

<<<<<<<<<<BTW i do agree the financing games with all the warrants and reduced prices was pretty shady--but sometimes early on a young company has to pay a high financing cost. Hopefully all that bad news is now out.Looking for blue skies shortly.

sec.gov

The price per share for the securities offered by the Selling Shareholders
is estimated at the last price for the Common Stock of $8.50 per share as
reported by Nasdaq National market on June 18, 1997.
(2) It is anticipated that the securities being sold by the Selling
Shareholders will be sold in privately negotiated transactions or through
broker-dealers in individual transactions in which normal commissions and
other charges will be made by the broker-dealer. There is no agreement
between any broker-dealer and the Company with respect to such sales.
(See "PLAN OF DISTRIBUTION.")
(3) All amounts received on the sale of the Common Stock will be received by
the Selling Shareholders, and there will be no proceeds to the Company.
The Company anticipates that it will incur costs related to this
offering of approximately $42,500. (See "PLAN OF DISTRIBUTION.")

this filing was made the day before the Lucent deal was released so they could pump and dump........don't fall in love with these guys
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