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 : SSA (SSAX) BPCS/Client Server

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: kvogel who wrote (617)2/18/1998 12:47:00 AM
From: James B. Barnes  Read Replies (1) of 915
 
Karl,

Tell me if you think I'm confused. I just assumed SSAX was issuing previously unissued stock (or treasury stock) to the individual owners of the affiliate in exchange for the privately held shares they owned. The old affiliate shareholders would be free to sell their shares on the open market. No proceeds would be coming to SSAX because they are giving their shares in payment for the affiliate.

Is there something in there I'm missing? I'll read the thing again after I post this.

James
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext