IDT *(idtc) following this new issue?* Message Board

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Technology Stocks : IDT *(idtc) following this new issue?*

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To: Hawaii60 who wrote (7810)	5/18/1999 8:57:00 PM
From: vinh pham	Read Replies (1) of 30916

blankmind, i left a post on yahoo for you. anyway, i repost here for you to comment on. TIA. << i'm with you. (27M/0.662)x 0.51 = 20.8M shares => 10.4M class A (2x voting share) reserved for IDT. 27M - 10.4M = 16.6M common shares => 9.6M to IPO and Underwriters, leaving 7M to current IDTC shareholders. therefore, it is a 1:5 ratio. however, with 10.4M (25.5%) shares of class A stock IDT still exceeds the 20% accountancy/tax loophole. so, if i reduce it then IDT no longer has the controlling interest of NTOP. i'm stomped! help!!! >>

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