SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : InfoSpace (INSP): Where GNET went!
INSP 86.10+5.4%3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Sailor who wrote (28052)5/4/2004 9:41:01 AM
From: PeoriaChief  Read Replies (1) of 28311
 
You lost me there - where do you see 19 cents per share? My reading of the "Proposed Settlement of Class Action" shows a claim calculation of from $2.50 to $5.78 per share, depending upon when you sold the shares after the conversion from GNET shares on 10-20-00 (at the rate of 1.82 shares of INSP for one share of GNET). The stock price at that time was $34.00/share for GNET and converted to about $18.68/share for INSP. After that, the stock nosedived (according to my sale records) to $13.76 on 11-28-00, to $12.44 on 11-29-00 and down to $6.61 on 12-26-00. The claim amount per share is zero for stock sold up through 12-11-00, after which time it starts at $2.50 per share. I sold shares at all of the above prices, so what do you want to figure there? At best, the $2.50 was 38% of the last sale. (The first two sales don't allow me to claim anything, according to the literature.) I just wish I would have sold all of it before it qualified for the claim, I would have been money ahead!! From further reading of the claim app, it says that all claims will get a percentage of the total fund. The first question appears to be how many people will file and will the claimants get the full amount shown on page 5 under "Common Stock" for each time period that you held or sold the stock. Then the real question: whether there was enough money allocated for the settlement to actually pay out the amounts shown as the claim calculation formulae indicate?
Peoria Chief
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News