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 : Thrustmaster (NASDAQ:TMSR) -- Ignore unavailable to you. Want to Upgrade?

To: Smilodon who wrote (2364)	9/2/1999 2:23:00 PM
From: Pete Mason	Respond to of 2443

Gotcha'. Hey, this is interesting, from the just-filed proxy: "[re: the hardware sale & firing of employees] The Company entered into agreements with each of its employees that it is terminating to evidence this policy. As a result of this policy and the Company's stock option plans, an aggregate of 403,645 options of the Company will accelerate and become fully vested upon the consummation of the Sale and the termination of certain employees of the Company." Looks like 400,000 new shares are likely to come out, unless the fired people don't want to exercise them for some reason--TMSR still dear to their hearts after being fired?? I expect a large percentage of these shares to appear very shortly after the deal is done. Plus, of course, the 274,000 shares just issued to the $18.258 guy... Plus, of course, whatever the $6,000,000 convertible debenture guys are doing... Anyway, we've suddenly got at least 674,000 new shares on their way--hey, that's not much less than the current short interest! Any potential for a short squeeze looks pretty well diminished... I wonder what that idiot on YaHoo will make of all the new shares? -- Pete

To: Smilodon who wrote (2364)	9/2/1999 2:29:00 PM
From: Pete Mason	Read Replies (1) \| Respond to of 2443

Oh, one more thing from the proxy, It turns out that Frank Hausmann, according to this document, doesn't own a single share of TMSR stock!!!!! He shares none of the risk!!!! He's got 190,000 options, and no stock. OK, so he's smarter than I gave him credit for. Actually, after just a passing glance, none of the people who work there and are listed in the proxy have more than a few thousand shares: most have no shares at all, just options. Kind of funny, -- Pete