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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (51400)2/6/2000 8:18:00 PM
From: Wes Stevens  Read Replies (1) | Respond to of 122087
 
I have seen stock go up when they came out of lockup. I was short phcm when it came out of lockup - big mistake. But the reason given for it going up was there the stock was not liquid enough to allow the funds to get in. This is not the case here - there are already 25 million out. Also there is a lot more shares coming free on pcln then I have seen on for a while. The other issue is who holds the shares that are coming free? A lot of pcln's shares are held by VC's. They will not wait very long to dump them.



To: RockyBalboa who wrote (51400)2/6/2000 10:04:00 PM
From: Frederick Langford  Read Replies (1) | Respond to of 122087
 
InfoStream,

I would not want to give incorrect information.
Here is my source for the share numbers:
IPO Lockup.com

As per IPO Lockup.com
PCLN
29-Mar-99
$16.00 IPO price
10,000,000 # shares in IPO
165,150,000 Total Outstanding shares
6% IPO shares of Total Outstanding Shares
07-Feb-00
150,650,000 Shares coming out of LockUp
91% of OS

I believe there was a secondary offering in mid August.

Fred


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