InfoSpace (INSP): Where GNET went! Message Board

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

INSP 86.17

+5.4%

3:29 PM EST

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To: Roger Sherman who wrote (27270)	6/26/2002 12:35:27 PM
From: (Bob) Zumbrunnen	Read Replies (1) of 28311

biz.yahoo.com THDO just got informed 6/21 that they're in danger of delisting, though they haven't seen the other side of $1 in a much longer time than INSP has. THDO last closed above $1 on 4/17/02 and last had an intraday trade above $1 on 4/18/02 INSP last closed above $1 on 5/17/02 and last had an intraday trade above $1 on 5/28/02. So INSP likely gets warned around 7/21/02. Interestingly, THDO announced the warning in the same press release in which they said that they expect to post profit for the quarter ending this month rather than the consensus 7-cent loss (I've followed this company for years and that's big news indeed), and said that they may do a <shudder> reverse split to bring themselves into compliance. Apparently the market loves 2 huge negatives and one huge positive, as the stock is currently up 35%. Maybe they're hoping one of the huge negatives can be wiped out by the stock coming up another 72% and they think this is possible. Or maybe they're forgetting that the company got tanked because they sold convertible debs, to a well-known company destroyer, priced at $2.77, effectively making for a concrete ceiling at that price. Though I think the hopefulness surrounding THDO today is false hope, I'll concede that with 53M shares outstanding compared to about 6 times as many for INSP, it's not as bleak, either. Or perhaps the deb-holder is motivated to not see the company delisted and is covering some of their short position at a very nice profit in hopes of giving some price support. I only know enough about debs to have an idea which kinds are poisonous. Beyond that, I know enough to be dangerous.

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