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: 24601 who wrote (134)	4/19/1998 12:28:00 PM
From: Andrew H	Read Replies (1) 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.<< I was not aware of this. Is this in addition to the 26% currently owned? Or does this represent the 26%? >>Even ruling out further private placements or other pre-IPO registrations of additional shares, won't the IPO further dilute TSQD's effective control?<< I am not clear on this. If they can buy an additional 4.8MM shares for $4.8MM (additional to their already existing 26% ownership) they will certainly do that. Such a purchase would be likely to raise, rather than lower, their percentage of ownership, depending of course on how many shares are issued. >>Incidentally, TSQD is entitled to include its 4.8 million shares in the IPO.<< LOLOL. It just gets better and better!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next