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.

Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: lizard lick who wrote (63176)	9/25/1999 1:28:00 AM
From: Ellen	Read Replies (1) \| Respond to of 120523

>> PHCM--Read the annual report and financials out this evening, its filled with disclaimers and some negatives, AND it looks like lock up going to end pretty soon on this one like monday is the first day--If so its phone.carnage time . Some guy on another board summed up the end of the lock up well,, im posting here for your reading-- Beyond this post, I will not discuss or 'argue' with you (or the original poster) the fact that their financials contain disclaimers, as that is nothing unusual. What is unusual is the fact that their very existence/mention is hinted to be interpreted 'absolutely' as a negative. I'm as open-minded a person as you may ever find. However, personal interpretation is an entirely subjective matter and I have no desire to 'argue' with you (or the original poster). So I won't. At the top of this document the date is march 29th...if you count the days from march 29th to september 26th you will come up with 180 days. Meaning that according to this document the end of the lockup is september 26th. I have no idea what document is referred to as saying March 29 "at the top." The prospectus I have is dated June 11, 1999. My understanding is that the 180-day lockup period ends in December. I am not alone in that understanding. Please refer to ostman.com. >> However, Credit Suisse First Boston Corporation may in its sole discretion, at any time without notice, release all or any portion of the shares subject to lock-up agreements. << Do you (or the original poster) know if any shares or portion of shares have already been released - therefore perhaps already sold into the open market? If so, the figures given may misrepresent the possible # yet to be 'released' into the open market, as some may already have been. To this poster's credit, he/she does note that there are restrictions on the selling of previously restricted shares: some >> will be subject to certain volume, manner of sale and other limitations under Rule 144 << and some >> will be eligible for sale pursuant to Rule 144 on the expiration of various one-year holding periods over the six months following the expiration of the lock-up period << In other words, previously restricted shares will not and cannot be sold all at once into the open market. I merely post this to point out that perhaps the data you brought to this thread is skewed and/or misinterpreted. Please do not consider this post to be a 'challenge' or an invitation to argue, as it is not intended to be either of those.