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Technology Stocks : ATPX: Lunn Industries and Technical Products Group merge.
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To: rci who wrote (1555)4/25/1998 1:21:00 PM
From: Sergio H   of 1923
 
I like the split idea also and suggest that anyone interested contact the Co. I received a kind e-mail correcting my earlier post.

<A "secondary" offering was and is the term used to describe a second offering - after a company is already public. The current/correct term is a follow-on offering. This is because follow-on offerings may include "primary" or new shares (issued by the company) and/or "secondary" shares (which are already outstanding and included in determining EPS). Equus can only sell approximately 52,000 shares every 3 months (1% of 5,220,000 shares- Rule 144). The only way they can sell a meaningful portion of the 50% of the company they own, is through a follow-on offering.

Benefits:
There will be NO dilution from sale of Equus' stock. It is already
included in the EPS calculation.>
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