InfoSpace (INSP): Where GNET went! Message Board

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Technology Stocks : InfoSpace (INSP): Where GNET went!

INSP 115.98

+29.0%

10:59 AM EST

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To: Out_of_the_Trap who wrote (2635)	3/30/1999 7:29:00 PM
From: playavermont	Read Replies (2) of 28311

RESPONSE TO STEPHEN O --- Message 2634 AMEN TO THAT STEPHEN!! If people can't figure it out stay on the porch... don't try and run with the big pooches... The tender offer is meaningless... Mr. Allen now has a say in the company...with or without the 3.6 million shares he is looking to purchase at $90/share Whether or not he gets ANY of the 3.6 million shares he is looking for he will have 1.4 million purchased directly from insiders and 300 million dollars of preferred stock... He has 34% +/- ownership of the company NOW!! The 3.6 million tender is nothing more than a vote of confidence for the stock and a floor for future valuation --- REMEMBER this 90/share tender was agreed upon when the stock was around 70-80 / share!!! One more time: Paul Allen INVESTS 300 million dollars in go2net...in the form of preferred shares That means go2net will have 300 million dollars on the balance sheet to USE in their varied expansion plans That means go2net balance sheet will reflect a business with approximately 300+ million equity One more tidbit... GNET had 9 million dollars in cash last quarter with 10 million total equity THIS QUARTER IT WILL BE 300 MILLION ON BOTH COUNTS!!!! That would mean at todays price: GNET is selling at 5.5 BOOK VALUE ... AND PROFITABLE YAHOO 68 TIMES BOOK HMMMMMMMMMMMMMMMM AOL 80 TIMES BOOK HMMMMMMMMMMMMMMMM XCIT 50 TIMES BOOK HMMMMMMMMMMMMMMMM SEE YA IN A MONTH!!! JMHO!!

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