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

To: Frederick Langford who wrote (51419)	2/6/2000 10:06:00 PM
From: RockyBalboa	Respond to of 122087

Interesting. I took the number of OS shares from the Q report Sept 30 1999. sec.gov And usually I trust the raw SEC filings more than the unprovable yahoo alike sites. In any case I believe it trades higher in the next 2 weeks or so. I can be dead wrong... The 2nd offering by PCLN and the release of some shares in Summer is included: From the original offering: <TABLE> <S> <C> Common Stock offered......................... 10,000,000 shares Common Stock to be outstanding after the offering......................... 142,320,427 shares(a) Use of proceeds.............................. For working capital and general corporate purposes. See "Use of Proceeds." Nasdaq National Market symbol................ PCLN </TABLE> And here is the secondary you cited (together with insiders selling 3.5MM): sec.gov ISSUED JULY 30, 1999 5,500,000 SHARES [LOGO] COMMON STOCK PRICELINE.COM INCORPORATED IS SELLING 2,000,000 SHARES OF COMMON STOCK AND THE SELLING STOCKHOLDERS ARE SELLING 3,500,000 SHARES OF COMMON STOCK. PRICELINE.COM WILL NOT RECEIVE ANY OF THE PROCEEDS FROM THE SALE OF SHARES OF COMMON STOCK BY THE SELLING STOCKHOLDERS. CONCURRENT WITH THIS OFFERING, PRICELINE.COM IS OFFERING $250,000,000 AGGREGATE PRINCIPAL AMOUNT OF ITS % CONVERTIBLE SUBORDINATED NOTES DUE 2006. THE NOTES WILL BE CONVERTIBLE AT THE OPTION OF THE HOLDER INTO SHARES OF OUR COMMON STOCK. THE NOTE OFFERING WILL BE MADE PURSUANT TO A SEPARATE PROSPECTUS. CLOSING OF THE NOTE OFFERING IS NOT A CONDITION TO THE CLOSING OF THIS OFFERING. The increase in priceline's shares is mainly coming from an agreement with Delta Air, mid November: Delta Air Lines has agreed to restructure its existing priceline.com equity position to facilitate the entrance of United, American and US Air to the priceline program. On November 16, 1999, Delta also sold 2,085,767 shares of priceline common stock to priceline's founder and Vice Chairman Jay S. Walker and Chairman and CEO Richard Braddock for an aggregate purchase price of $125 million. Delta has agreed to exchange 6.0 million shares of priceline common stock for 6.0 million shares of newly issued convertible preferred stock that may be converted into priceline.com stock on a one-for-one basis and will then hold approximately 8.5 million shares of priceline common stock. In addition, Delta will receive new warrants to acquire 5.5 million shares of priceline common stock at an exercise price equal to last Friday's closing price of priceline shares.