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 : STARBASE (SBAS)- InfoWorld Hot Product Review -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (772)	12/12/1999 5:14:00 PM
From: jjetstream	Read Replies (1) \| Respond to of 1502

tejek..... sbas ownership in OA freeedgar.com OA 20% set aside for SBAS shareholders Bill Stowe CEO of SBAS speaking.......... "So, given that the fact that OpenAvenue is independent and that it uses the StarTeam technology as a fundamental enabling technology, what are the benefits to the StarBase shareholders? What are the benefits to StarBase to begin with? One of the benefits is that even though it's independent, we were able to put aside 20 percent of the ownership of OpenAvenue in a working trust for the benefit of our shareholders. It's contemplated at some future date that that can be distributed to StarBase's shareholders at a time when it's a benefit to the StarBase shareholders to have that. It's not meant to be controlled or owned by StarBase over time, but is held in trust, in a working trust for the benefit of our shareholders. I think 20 percent availability is going-can be very important to our shareholders and it is to me as a shareholder myself. Bill Stow: Yeah, I did say that 20 percent is set aside in a working trust for the benefit of StarBase's shareholders. That is correct. With regard to partners, one of the things we found early in discussing partners with Paul is that he has a number of contacts and he also had his own vision as to how the partnerships could be evolved. And Paul wanted to do his own review of the opportunities for partnerships within OpenAvenue and how that may unfold. And so for that reason, we're not announcing the partnerships at this point from StarBase. That's something that's going to have to come from Paul as he evolves it. Its not a static amount, it's 20 percent, it goes through a-up to a round of financing and as soon as we do a major financing, of course it will be diluted along with other people. But at this point it's a 20 percent ownership for the benefit of our shareholders.