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Technology Stocks : divine interVentures, Inc. (DVIN) -- Ignore unavailable to you. Want to Upgrade?

To: James F. Hopkins who wrote (138)	10/21/2000 8:06:39 PM
From: Glenn Petersen	Read Replies (1) \| Respond to of 246

I think that all of the deals were made in good faith. Bear in mind that the mentality in the sector was more than a bit inflated when the deals were cut. We are back to reality now. All of the redeemable preferred shares were converted into common subsequent to the offering. The Form 10-Q for the quarter ending June 30, 2000 still shows them as outstanding. Note that the offering was not completed until mid-July. The 10-Q for the September 30, 2000 will reflect the conversions. From the June 30 10-Q: sec.gov Conversion of Our Preferred Stock Upon consummation of our initial public offering on July 18, 2000, each outstanding share of our preferred stock converted automatically into one-sixth of a share of our class A common stock and no shares of our preferred stock remain outstanding.