Robert, Microsoft did not register to sell , neither the 14 GMGC investors!!
<<<<< documents filed with the Securities and Exchange
Commission last week
showed that 14 General Magic investors have registered to sell more than
21 million
shares of common stock obtained in a conversion. The list included
Microsoft, which
registered to sell 2.7 million shares of its 3.6 million share stake.>>>
Form S-3 filed by GMGC on April 29, 1999 for the purpose of “calculation of registration fee” on “estimated shares” of common stocks “ issuable” upon conversion of all issued Preferred Stocks. Total 21 million shares registered, 2.7 million belongs to Series A Convertible Preferred Stock (owned by Microsoft). The original filing:
edgar.sec.gov
CALCULATION OF REGISTRATION FEE ---------------------------------------------------------------------
PROPOSED MAXIMUM PROPOSED MAXIMUM
TITLE OF EACH CLASS OF AMOUNT TO BE OFFERING PRICE AGGREGATE OFFERING
SECURITIES TO BE REGISTERED REGISTERED PER SHARE PRICE
- -------------------------------------------------------------------------------------------------------------------
Common Stock ($0.001 par value)............ 12,056,440 shares(1) $3.438(2) $41,450,040.72
Common Stock ($0.001 par value)............ 225,001 shares(3) $5.078(4) $1,142,555.08
Common Stock ($0.001 par value)............ 2,721,750 shares(5) $3.438(2) $9,357,376.50
Common Stock ($0.001 par value)............ 6,031,825 shares(6) $3.438(2) $20,737,414.35
TOTAL.............................. 21,035,016 shares $72,687,386.65
-
(5) Represents shares of common stock issuable upon conversion of seventy-five percent (75%) of issued shares of the Company's Series A Convertible Preferred Stock, assuming that such conversion is as of the date of this Registration Statement. Pursuant to Rule 416 of the Securities Act, this Registration Statement also covers such indeterminable additional shares as may become issuable upon conversion of the Series A Convertible Preferred Stock as a result of any future stock splits, stock dividends or similar transactions.
--------------------------------------------------------------------------------If you were talking about another SEC filing , please post the details. We don't want to assume that your
“portifolio manager” friend is shorting this stock.
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