Cyberian Outpost (Symbol: COOL) Message Board

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Technology Stocks : Cyberian Outpost (Symbol: COOL)

COOL 0.103

+10.6%

Sep 5 5:00 PM EST

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To: Joe Pirate who wrote (1100)	2/9/1999 8:14:00 PM
From: CGarcia	Read Replies (2) of 1932

From the Yahoo board: COOL files SC 13-G with SEC ! by: Y2kNetTracker 9723 of 9730 Today (2/9/99) COOL filed form SC 13-G with the sec. I scratched my head too, wondering what's an SC 13-G. So instead of wondering, I looked it up at the SEC database. Maybe I'm misreading it, but it sure sounds like this is a form that someone has to file when more than a 5% stake is being taken in a company. Either a large INSTITUTIONAL BUY or maybe an AQUISITION? Here's what the SEC forms read EXACTY with the significant parts in caps. See what you folks think: Schedule 13G Schedule 13G is a much ABBREVIATED VERSION OF SCHEDULE 13D that is only available for use by a limited category of "persons" (such as banks, broker/dealers, and insurance companies) and even then only when the securities were acquired in the ordinary course of business and not with the purpose or effect of changing or influencing the control of the issuer. Interpretive Responsibility: Division of Corporation Finance - Office of Tender Offers AND THIS IS HOW SCHEDULE 13 D READS: Schedule 13D This Schedule discloses beneficial ownership of certain registered equity securities. Any person or group of persons who acquire a BENEFICIAL OWNERSHIP OF MORE THAN 5% of a class of registered equity securities of certain issuers must file a Schedule 13D reporting such acquisition together with certain other information within ten days after such acquisition. Moreover, any material changes in the facts set forth in the Schedule generally precipitates a duty to promptly file an amendment on Schedule 13D. The Commission's rules define the term "beneficial owner" to be any person who directly or indirectly shares voting power or investment power (the power to sell the security). Interpretive Responsibility: Division of Corporation Finance - Office of Tender Offers --------------------------------------------------------------------------------

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