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Technology Stocks : About.com (BOUT) -- Ignore unavailable to you. Want to Upgrade?

To: Sanjay Varma who wrote (299)	9/7/1999 12:51:00 AM
From: Glenn Petersen	Respond to of 438

The lockup period should expire on or about September 21, 1999. Given the recurring takeover rumors, any significant selling pressure may present a buying opportunity. From page 61 of the prospectus: sec.gov ...8,611,781 shares of common stock will be deemed "restricted securities" that may be sold in the public market only if registered or if they qualify for an exemption from registration under Rules 144, 144(k) or 701 promulgated under the Securities Act. These rules are summarized below. Subject to the lock-up agreements described below and the provisions of Rules 144, 144(k) and 701, additional shares will be available for sale in the public market as follows: 3,128 After the date of this prospectus 24,442 Upon the filing of a registration statement to register for resale shares of common stock issuable upon the exercise of options granted under MiningCo's stock option plan 5,075,537 After 180 days from the date of this prospectus (subject, in some cases, to volume limitations) 3,508,674 At various times after 180 days from the date of this prospectus

To: Sanjay Varma who wrote (299)	9/7/1999 12:55:00 AM
From: Glenn Petersen	Respond to of 438

Regards the guides, I would not anticipate them exercising a lot of their options. Also from the prospectus: "MiningCo has granted fully vested, non-qualified stock options to purchase 200,000 shares of common stock to a substantial majority of its guides. The exercise price per share of these options is $25.00." IMHO, these BOUT guys are cheap bastards.

To: Sanjay Varma who wrote (299)	9/8/1999 11:16:00 PM
From: Eric Van Buskirk	Read Replies (1) \| Respond to of 438

This seems like a great way to gage prices for Net companies in general. I work for one that will go public next year. Many people have too much of there earned income caught up in options and are eager to sell some of their options ASAP after the lock-up. This could create a tremendous amount of extra shares in the case of a company like "Looksmart" which offered very little of it's shares to the public. I don't know how much of BOUT's shares were offered. But by all means I'd like to know what the lock-up is and is it mandated similarly for all companies by the SEC