Tech Squared (TSQD)- Internet Commerce 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 : Tech Squared (TSQD)- Internet Commerce

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: RikRichter who wrote ()	4/19/1998 11:37:00 AM
From: 24601	Read Replies (2) of 2752

As I understand it, TSQD owns an option to buy 4.8 million shares of common stock in Digital River at any time through December 31, 2000, for a total of $1. This once represented effective control of 60% of Digital River's common stock. The issuance of additional shares in a private placement reduced this effective control to 35%. On this thread it has been stated several times that other events (?) have since reduced this effective control to 26%. How many shares of common stock is Digital River authorized to issue? Even ruling out further private placements or other pre-IPO registrations of additional shares, won't the IPO further dilute TSQD's effective control? Incidentally, TSQD is entitled to include its 4.8 million shares in the IPO.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next