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Technology Stocks : Internet Guru Discussion

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To: steve harmon - analyst who wrote (1052)4/14/1999 5:22:00 PM
From: Mathon Dabasir  Read Replies (1) of 4337
 
RE: SofNet (SOFN) Sanity Check Please!!!

Steve, anyone!

SOFN switched over to the NAZ today (from AMEX) and plunged $17/share from $59 to $42. Market weakness aside, SOFN also announced plans to increase their outstanding share count from 25MIL to 100MIL shares:

biz.yahoo.com

Question: Will (did) this move dilute CO shares 4X... cause the 33% drop in today's share price??? It's hard to believe this stock -which had been doing so well- could get shot out of the sky like this without some extra help.

Steve, anyone, please advise...

Mathon
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