Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : High Speed Access Corp (HSAC) -- Ignore unavailable to you. Want to Upgrade?

To: VeloSpeed who wrote (85)	6/7/1999 10:48:00 PM
From: changedmyname	Read Replies (2) \| Respond to of 130

well, if Paul Allen owns over 50%, he didn't sell the whole thing. When they come public, they take the total outstanding shares, and allocate say 20% of it for the IPO. Allen owns over 50% of this total outstanding shares, and if the numbers we see on IPOcentral are correct, he sold ALL of his shares, and at most, could've kept at most 12.75%. That would also mean that all the investments that were made by other companies sold out at the IPO. The numbers just don't add up. 14.658 million outstanding and 13 of that floating just doesn't make since. No one would've bought the damn thing if Allen was liquidating his holdings... it would just be one big pos if he did. That's the only reason it is up to where it is, bcz of him owning so much. Otherwise you'd have a company with only 3,900 subscribers and it would've broken the ipo price. Jason