SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Internet Guru Discussion

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: steve harmon - analyst who wrote (1052)4/15/1999 12:19:00 AM
From: Mathon Dabasir  Read Replies (1) of 4337
 
Steve, anyone... one more note to add about SofNet...

SofNet recently announced plans to float 3MIL new shares, which explains why their board authorized the increase of total shares outstanding from 25MIL to 100MIL, as previously posted.

OK, so what about SOFN's plans to float these 3MIL new shares? Might we now expect CO execs to "encourage" share price back to $69 -where it was yesterday-? After all, it would mean an additional $81MIL on CO balance sheet. Enough to make anyone tap dance imho.

Any comments appreciated...

Mathon
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext