Tech Squared (TSQD)- Internet Commerce Message Board

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Microcap & Penny Stocks : Tech Squared (TSQD)- Internet Commerce

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To: MoneyMade who wrote (2063)	8/12/1998 2:46:00 AM
From: Quad Sevens	Read Replies (1) of 2752

TSQD owners: Have you seen the 10K for TSQD? It looks like there are about 5.7 million options outstanding at an average exercise price of 89 cents! They vest at various times; 2 million of them were exercisable at the end of 97. Unless I am wrong, fully diluted shares are therefore at least 12.5 million (10.5 + 2); I don't know how the accounting goes for granted but unvested options. The extra shares have not been showing up (in fully diluted shares) because TSQD has been showing losses. The .3 factor probably needs to go down to at most .26 because of this (or even lower as more options have surely vested since the end of 97). Someone should check with TSQD for the current figures. In light of the above, and the fact that TSQD is a BB stock, what is the reason for owning TSQD now, given that the DRIV IPO came off at such a reasonable price? Unless the price of TSQD gets too out of whack (on the low side) relative to DRIV, I'm investing in DRIV directly (bought today at 8 1/2). Wade How often does the small investor get in on the same deal as institutional investors?

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