shopping.com (IBUY) Message Board

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Technology Stocks : shopping.com (IBUY)

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To: afrayem onigwecher who wrote (389)	1/16/1999 10:32:00 PM
From: Arcane Lore	Read Replies (2) of 435

... It(Compaq's bid) values Shopping.com at 900% more than investors were willing to pay for the company just two months ago! ... fool.com Actually the 900% understates the situation. If Compaq had bid on the company in October or early November when the price was under $2 (see #reply-6605973 ), they would have: 1. Paid a much lower price/share but also 2. They would have avoided the substantial share dilution (alluded to elsewhere in the article) due to the approximately 2 million shares from the floorless convertible (convertible on Dec. 8) and exercise of some warrants and options which are profitable at $19/share but not at a much lower price.

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