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Technology Stocks : MER Telemanagement (MTSLF) - Internet/web Co.
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To: James F. Hopkins who wrote (13)1/3/1999 10:51:00 PM
From: blankmind  Read Replies (1) of 75
 
- Mer's management has said on coference calls that they're not going to actively support the stock price. They felt that was the underwriter's responsibility, at Hampshire Securities, and since Hampshire went under, they don't feel it's their job.

- MER thinks that the stellar results in 1999 will naturally attract investors & cause stock price to go up.

- Remember, C. Mer owns 69.7% since the ipo & hasn't sold a share.

- There's only 4.7 mill shs issues & o/s. Take away 3.3 mill owned by the parent, C. Mer, another 500k (approx) owned by officers & directors, and nothing's left. Actually, maybe 900,000 shares - at the very most - for us.

- Hence, on Thurs, 70,000 shares moved the stock price up 34%. As the bid went up. The offer just wasn't there.
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