To: OFW who wrote (1071 ) 12/20/2000 10:11:55 PM From: Eric Fader Read Replies (1) | Respond to Offie, I asked John Collins to respond to your post, as well as my previous unofficial statement of Stayhealthy's position with respect to becoming publicly traded. Here's what he had to say - in bold, with my own comments in italics:The company considered many options and is still doing so. Factually the selloff in the markets, not just in the .com space, has left management feeling that it is probably fortunate that Stay did not attempt an IPO in the last year. If we had, we might all be sitting with greatly depressed stock prices. [This might not have been a problem for shareholders who cashed out entirely if there was no 6-month post-IPO lockup preventing people from selling, but a severe stock price drop could have undermined the public's confidence in the company and its business model, which is management's primary long-term concern. ]Management has no way of predicting what the markets will do. The letter to the shareholders was written with the intent of giving the best view of where the company is now. Management feels that to attempt to predict what a liquidity event will look like or when it will be is irresponsible and is to a large degree out of our control. [I think we'll see more evidence of the company's growth-by-acquisition strategy right after the holidays ;-).]The company's business model is being enhanced with an ASP (Application Service Provider) approach. [I'll ask John to explain this in more detail. ]We feel that by making the devices a part of an end to end solution for specific disease states or fitness levels we greatly enhance the company's value. [I'm sure we'll learn more about this going forward, as well. -Eric ]
