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Gold/Mining/Energy : Direct Focus Inc. (DFXI)

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To: Gordo who wrote (424)3/4/1999 12:38:00 AM
From: trilobyte  Read Replies (2) of 768
 
well, a little more on the secondary is now out:

biz.yahoo.com

I guess we'll have to wait for the actual
prospectus but I would like to know:

which of the insiders are selling and what fraction
of their position are they selling?

is the underwriter D.A.Davidson well-known? (first time I hear
about them...)

my first reaction is that the dilution is minimal.
I'm kind of wondering that this secondary is more
of a vehicle to get DFX known to a wider (US) pool
of investors than anything else. After all, at say
30$/share, DFX would net only about 25 000 000$
canadian, which is not huge.

any opinions from the regular posters?

cheers,

Trilobyte
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