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Technology Stocks : InfoSpace (INSP): Where GNET went! -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Dryer who wrote (11535)	8/25/1999 1:04:00 AM
From: Hawkmoon	Read Replies (1) \| Respond to of 28311

Thanks for taking the time to explain that so extremely well Jeff.. Many people don't understand the difference between outstanding free trading stock and what has to be accounted for as "fully diluted" for earnings purposes. Another issue people should bear in mind is that until those preferred shares are converted, this stock is trading on a relatively thin float (from institutional perspectives). That is why GNET remains volatile with unreasonably wide spread between the bid/ask. So assessing the value of a stock fundamentally from the perspective of fully diluted earnings, and analyzing it "technically" based upon the actual amount of freely trading stock in the market should be two different perspectives. Thanks again. Ron

To: Jeff Dryer who wrote (11535)	8/25/1999 4:09:00 AM
From: Crystal ball	Read Replies (3) \| Respond to of 28311

GNET $33 preferred value if based on $68 today is about right ($44 is your number). Take 27,815,369 shares outstanding divided by the diluted shares 43,000,000 equals approx 65%. This is why I say again there is absolute support at $45 (the old $90 pre-recent split, $180 prior split adjusted). Who cares if you bought at $8, or at least bought most of it at $8, now $2 post last two splits adjusted) $44-$2=$42 absolutely supported capital gain. Today we are still at $68 because of the faith of the rest of the investors, not the underwriters and insiders and Execs getting options or preferreds. And remember we have the money from those sales, and the cash burn rate is not that high...or am I wrong? I would worry more about what is going on with High Speed Access HSAC and Charter Communications, that is a snag that could knock us back to lower supports. I am, Truly yours, -Crystal ball P.S. Can anyone get Red Hat (RHAT) to appear on stocksite.com, or is that symbol still blocked for some reason?