SETO Semicon Tools Inc. Message Board

STOCKTALK

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.

Microcap & Penny Stocks : SETO Semicon Tools Inc.

SETO 0.00630

-10.0%

Nov 5 11:11 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: william Velmer who wrote (173)	12/10/1997 1:48:00 PM
From: TraderGreg	Read Replies (3) of 3222

One thing I forgot to emphasize. Before the acquisition of T T, there were 10 million shares out, with 3.5 MM held by the principals tight, leaving 6.5 MM in the "active" float. The acquired TT, allso family owned, plans to HOLD ALL TEN MILLION SHARES TIGHT. That means that the greatly enlarged company will still have but 6.5MM shares in the "active" float. I think you all see how significant that is. Moreover, this HOLD TIGHT philosophy explains why the TT family would agree to a buyout of 10MM shares. They certainly weren't viewing it as 10MM shares of a then 10 cent stock. Rather, they were looking forward. To that day when they are still holding tight their 10MM shares of a $4 stock? or more? I'm slow but now the acquisition's benefits to T T are so clear to me. No longer have to schlep around looking to get listed on a tanking Asian exchange. Give up 1/2 initially for the Surface to Air Missile ride to much loftier levels. And the float stays at 6.5 MM. IMHO, when the starched shirt suits on Wall and Broad learn about this company, we will see it really take off. TG

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next