SI
SI
discoversearch

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 : Mortgage.com, Inc- (Nasdaq: MDCM) -- Ignore unavailable to you. Want to Upgrade?


To: Junkyardawg who wrote (253)9/3/1999 1:13:00 AM
From: Softechie  Read Replies (1) | Respond to of 516
 
Junkyardawg I would like to correct you on Intuit's 9% stake in this Mortgage.com company. That 7.1M float does not include the Intuit 9% stake. 7.1M is strictly for the public to trade at IPO time. After 90 days and 180 days restriction those restricted shareholders can start trading but must abide to their restrictions. It's a complicated thing but 7.1M doesn't include Intuit's shares. Look at total number of outstanding shares of 41M. It includes the Intuit's shares.

Hint: It's best to take profits before the 90-day and 180-day restrictions. Otherwise ride it through the quiet period and on.



To: Junkyardawg who wrote (253)9/3/1999 1:48:00 AM
From: Richard B. Haenisch  Read Replies (1) | Respond to of 516
 
Junkyard,

I like the short term potential for MDCM (as compared to EELN) and will buy 4,000 shares at the open tomorrow.

Also, you may want to check out ASWX, IPOd at the same time as MDCM, "QP" is over.

In regards to Intuit's ownership in MDCM:

Intuit: 18.4% or 7.6 mil shares
Stephen Green*: 22.5% or 8.6 mil shares
Canaan Partners: 22.3% or 8.5 mil shares

* Stephen Green is general partner and principal of Canaan
Partners.

Best of luck!

Rico