Anthony, I recycled into GEEK this afternoon and would very much like your opinion. Geek was up due to an upgrade by Amerifirst Brokerage, Dallas. GEEK's home town boys. With a $225mil mkt cap and 53k subscribers, it's like $4245 per subscriber. 2nd Q was -4c vs. 6c. Only coverage other than mentioned is by two underwriters who of course, have it as a buy. Short interest 390k 2/99. Insiders sold 345k shs @ $12.09 1/4/99. In addition, The Company completed a public offering on December 10, 1998, of 2,300,000 shares of Common Stock at $13.00 per share through an underwriting group led by Hoak Breedlove Wesneski & Co. and Ferris, Baker Watts, Incorporated. Of these shares, 1,700,000 were sold by Internet America and 600,000 were offered by the Selling Shareholders. Exercise of the over- allotment option raised the total number of shares sold by the Selling Shareholders to 945,000.
No debt, no dirt, just your overhyped internut stock IMMHO. My short today at 40 was just a reversal which I'm pretty good at picking. When I reshorted I decided to actually do some DD, especially when i decided to hold overnight. Any info would be appreciated. Anything else I should be looking for?? Thanks in advance for your help.
Fast Eddie
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