Altaba Inc. (formerly Yahoo) Message Board

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Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

0.0%

Nov 6 4:00 PM EST

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To: HG who wrote (16457)	12/29/1998 2:59:00 AM
From: Reginald Middleton	Read Replies (1) of 27307

<I got flamed some time back when I talked about institutional investments in YHOO. Someone came up with an article indicating thin float and a 4% intitutional ownership. Quicken showed a 25% ownership. There was some clarification on the difference in numbers but I don't remember it getting resolved.> Insiders hold 59% and Softbank holds 31%. Softbank is considered an institution (technically) but due to its "activities" and concentrated equity stake, it would be more prudent to consider them insiders as well. If you add 59 and 31, there is not enough room left over for institutions of any real buying power. As a matter of fact, if Softbank can make good on the clauses in the SEC documents, they can have up to 45% ownership. This effectively makes YHOO a private company that just happens to be regulated by the SEC and have a ticker. As it stands, only 10% of the outstanding shares are available for institutions. This is not appetizing, and explains how and why small time daytraders and shorts that act in unison can push the price up. This is good for the trader, but the real investor should not get his or her facts confused. RCM rcmfinancial.com

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