IMPORTANT: K2's response to a follow up e-mail
X-Sender: investor_relations@k2design.com (Unverified)
Date: Wed, 06 May 1998 10:26:16 -0400
To: hsabhyan@MIT.EDU
From: Investor Relations <investor_relations@k2design.com>
Subject: RE: Concerned investor (attn: Investor Relations)
Mr. Abhyankar:
Your e-mail regarding the twelve 144 filing's was recieved, and passed on
to try to answer your questions in a manner acceptable to the company's IR
policy, which is to not hype, interpret, speculate or project on any
subject regarding the stock. Your basic questions were:
>1. Why would your investors want to sell . . .
>2. What percent of the total holdings do the planned sales represent?
We have no way of determining the answer to the first question since the
144's listed represent a minority number (12) of the original, passive,
pre-IPO private placement investors who agreed to a one year lock-up after
the offering in July of 1996. With one exception, none have a formal
relationship with the Company. As to the second question, with the
exception of one person (who sold 11% of thier total KTWO position), most
held a position of less than 1% in the company.
This information can be derived from the Company's public filings and press
releases, most of which can be accessed through K2's site:
k2design.com, and EDGAR:
sec.gov
Thank you, again, for your on-going interest in K2.
--
Investor Relations
K2 Design, a Full Service Interactive Agency
55 Broad Street, 7th Floor
New York, NY 10004
212-547-K234 (v), 212-968-0067 (f)
k2design.com |
