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To: marginmike who wrote (40501)11/22/2000 10:39:53 PM
From: KeepItSimple  Respond to of 436258
 
>This whole place is a JOKE

Ya think? :) Im sure it doesnt have anything to do with the fact that Infospace's stock has utterly collapsed, and GNET is now owned by Infospace.

The only reason GNET was bought was because it had nearly a hundred million in cash in the bank, and infospace was nearly broke, but still had lots of stock certificates laying around.

So they paid about 50x GNET's cash position, which seems like a lot, until you consider it was paid with INSP ShareBux, which have plummeted around 93% since the purchase.

All in all, just another day in the bubble.