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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Joe Copia who wrote (23612)12/21/2000 10:52:40 AM
From: KZAP  Read Replies (1) | Respond to of 25711
 
ETYS - I've been watching it for a while. E-mistakes all
over the place!

YHOO a good buy here? $25, it's only down 90% from the year
high.

Happy Investing!

KZAP



To: Joe Copia who wrote (23612)12/22/2000 8:16:44 PM
From: RockyBalboa  Read Replies (1) | Respond to of 25711
 
Joe,

there are even more ETYS shares out than previously estimated.
>>>>>>>>>>>>>
As of December 14, 2000, eToys had converted 7,224 shares of its Series D
Convertible Preferred Stock, with an aggregate stated value of $72.2 million,
into 36,004,597
shares of the company's common stock, representing an average
conversion rate of $2.01 per share of common stock. As of December 14, 2000, the
company had an aggregate of 159,641,126 shares of common stock outstanding.


....

As of December 5, 2000, 7,183 series D preferred shares, with an
aggregate stated value of approximately $71.8 million, had been converted into
35,581,563 shares of our common stock, representing an average conversion price
of $2.02 per share of common stock.

<<<<<<<<<<<<<<<<<<<<

and further:

>>>>>>>>>>>>>>>>>>>>
For example, the number of shares of common stock that we would be required
to issue upon conversion of the 2,817 series D preferred shares outstanding as
of December 5, 2000, excluding shares issued as accrued dividends, would
increase from approximately 21.8 million shares, based on the applicable
conversion price of $1.2925 per share as of December 5, 2000, to approximately:
- 29.1 million shares if the applicable conversion price decreased 25%;
- 43.6 million shares if the applicable conversion price decreased 50%; or
- 87.2 million shares if the applicable conversion price decreased 75%.

<<<<<<<<<<<<<<<<<<<<<<<<

Calculus:

2,776 (Dec 14 Number) Preferred shares out == $27.76MM

converts into 148 Million additional common shares. (stock price at 18.75 cents).

The 41 preferred shares (converted between Dec 5 and Dec 14) were good for 423 thousand common shares which was a conversion price of $0.969,....



To: Joe Copia who wrote (23612)12/27/2000 9:06:41 AM
From: Joe Copia  Respond to of 25711
 
from an email THREAD ALERT

I believe that I have found a company that is at a reasonable price, and has enormous potential. SPEN has a kind of weird spin on it because of the fact that they own 2/3 of the common stock of AASP, an NASDAQ small cap stock. AASP owns a 64 acre sportspark in Vegas. I will put the links at the bottom. The weird spin is that SPEN is running a profitable Callaway Golf center ON 43 acres of that property, yet they included the holdings of AASP in their 10Q, and it looks as though they are incurring the same loss as AASP. I called the company, and I spent quite a bit of time with them discussing what they plan to do with the company. I was told that they are in discussions with 3 major hotel chains to sell the 64 acre sports park. The reason that AASP is losing money is simple. Marketing. They went for broke on a marketing campaign, and it was not as effective as they though it would be. (A story many of us are used to by now) So the amount of visitors is far from what they expected, and they are only open a few days a week to cut expenses. But the strangest thing occurred when I looked at the profiles for both SPEN, and AASP. The Board of Directors for both companies are the same!
Why would they want to have a OTC public company, and a NASDAQ company?

Look for yourself, the profile is on the bottom of the page.

All of us wish for the day when we can say that our pennystock is going NASDAQ, or even AMEX for that matter. And here we have the perfect opportunity to get in on a company that if you ask me, is 2/3 of the way home.

There are 8,135,097 shares outstanding, and 2 million in the float. I was told that SPEN has over 1000 shareholders. Many people own the stock at much higher levels that the stock is trading at right now.
If any of you read charts, you will see that I was the only person buying or selling this stock over the last 30 days. I believe that the market makers will really be running for the hills if we decided as a group that we want to own this company.
My strategy is to buy it up until . 25 and watch them run it up to a dollar and better.
Remember folks, Last January I saw USHO on level 2 and it exploded!
Take a look at SPEN on level 2:
NDBC     0.05     5000     0.12     5000           Closed    
MASH     0.05     5000     0.12     5000           Closed    
WIEN     0.04     5000     0.15     5000           Closed    
NITE     0.03     5000     0.23     5000           Closed    
FLTT     0.02     5000     0.1      5000           Closed    
HILL     0.02     5000     0.2      5000           Closed    
MHMY     0.02     5000     0.2      5000           Closed    
FRAN     0.01     5000     7/32     5000           Closed    
HRZG     0.01     5000     1          2500           Closed    
NAIB     -                      0     -                        0                                  Closed