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.

Non-Tech : Wit Capital Group Inc - (Nasdaq - WITC) -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (701)	7/20/1999 5:40:00 PM
From: Kumar Nathan	Respond to of 845

Hi Mohan: Good Quarter. Good growth. Any news about the conf. call. This will get Analysts attention. Any news on the after market trading? Regards Kumar Nathan

To: Mohan Marette who wrote (701)	7/20/1999 5:54:00 PM
From: Kumar Nathan	Respond to of 845

"In April 1999, The Goldman Sachs Group, L.P. purchased 11.7 million shares of Class B common stock and 5.6 million warrants. Upon exercise, the warrants would result in an additional $31.4 million in proceeds to Wit Capital. After the completion of Wit Capital's public offering on June 4, 1999, Goldman Sachs owned 13.2% of the Company on a fully diluted basis excluding warrants, or 20% inclusive of warrants." This clears major doubts among some of our threaders. So virtually GS holds 20% of the company which is " substantial interest" in legal terms. Regards Kumar Nathan