THNK -- Think New Idea -- Rolls Royce of Web Page Creators Message Board

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Technology Stocks : THNK -- Think New Idea -- Rolls Royce of Web Page Creators

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To: Judith Weintraub who wrote (185)	4/6/1998 2:52:00 PM
From: Grantcw	Read Replies (1) of 545

Judith, I believe the figure is 3 million. In keeping with THINK's philosophy of working not as a holding company but as an operational entity, Herring/Newman will immediately begin re-branding itself as THINK Seattle. Top executives Bill Toliver, Alan Brown, and Dan Gross will remain at the helm of THINK Seattle, with Toliver becoming general manager, Brown serving as director of strategic planning and business development, and Gross as creative director. Phil Herring, president, will join THINK's corporate marketing team. The purchase price for the acquisition was $3 million with an aggregate of $400,000 in cash and the balance of which was in shares of the company's common stock. Look at the last sentence of this paragraph. This is a STEAL for THNK! I'm assuming that the only way the price is so cheap is because the managment got to keep their jobs, probably stock options on top of it. Either way, I'm happy. I bought back in, BTW. Grant

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