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Technology Stocks : CyberCash a buy? -- Ignore unavailable to you. Want to Upgrade?

To: Lee who wrote (3969)	1/11/2001 9:47:57 PM
From: TLindt	Read Replies (1) \| Respond to of 3990

My impression was the warrant buyers were the potential 50% owners. My guess on the answer was: a) No merger b) Sale of Cybercash c) All of the above d) Something else Warrent buyers would never have 50%...there floats now 25.9 Million CYCH; biz.yahoo.com Network 1 would bring in another 31 million shares; "CyberCash will merge with privately held Network 1 Financial Corp. of McLean in an all-stock deal through which Network 1 shareholders will receive 31 million shares of CyberCash, or half of the combined company, worth $53.3 million at Wednesday's closing price." washingtonpost.com Ok so 25.9 + 31 quales 56.9 million shares outstanding...half of that or 50% is 28.45 Million shares. RIGHT? What's the fight about, and where the sam hell does anybody come up with 50%, LEE? "Rose Glen and Palladin invested a combined $15 million in CyberCash in early 1999 in exchange for promises of stock in the form of warrants, which entitle holders to buy shares at a specified price for a certain period. The deals were structured so that if CyberCash's share price plunged, the investors would be entitled to a proportionally greater numbers of shares. The price of CyberCash stock plummeted from $9.77 a year ago to 88 cents -- the average for the 10 days leading up to Jan. 6, on which the repricing was based -- ballooning the number of shares Rose Glen and Palladin are entitled to from 1.4 million to nearly 15.6 million." washingtonpost.com In Michigan 15.6 Million warrants is NOT 50% of 56.9 Million shares. IT'S a FRACTION OVER 20%, or 22% almost exactly. And to get that...it will cost both them financiers 88 cents times 15.6 million warrants or about 12 million cash which CYCH gets to KEEP. The whole fuxking company is worth 25 million or so discouting all this merger Warrant for the only public shares available and outstanding...ie 25 million times a dollar. IF they are going to end up paying 12 million for 20% of that God Bless them.

To: Lee who wrote (3969)	1/11/2001 9:50:09 PM
From: TLindt	Respond to of 3990

My impression was the warrant buyers were the potential 50% owners. My guess on the answer was: a) No merger b) Sale of Cybercash c) All of the above d) Something else Warrant buyers would never have 50%...there floats now 25.9 Million CYCH; biz.yahoo.com Network 1 would bring in another 31 million shares; "CyberCash will merge with privately held Network 1 Financial Corp. of McLean in an all-stock deal through which Network 1 shareholders will receive 31 million shares of CyberCash, or half of the combined company, worth $53.3 million at Wednesday's closing price." washingtonpost.com Ok so 25.9 + 31 quales 56.9 million shares outstanding...half of that or 50% is 28.45 Million shares. RIGHT? What's the fight about, and where the sam hell does anybody come up with 50%? "Rose Glen and Palladin invested a combined $15 million in CyberCash in early 1999 in exchange for promises of stock in the form of warrants, which entitle holders to buy shares at a specified price for a certain period. The deals were structured so that if CyberCash's share price plunged, the investors would be entitled to a proportionally greater numbers of shares. The price of CyberCash stock plummeted from $9.77 a year ago to 88 cents -- the average for the 10 days leading up to Jan. 6, on which the repricing was based -- ballooning the number of shares Rose Glen and Palladin are entitled to from 1.4 million to nearly 15.6 million." washingtonpost.com In Michigan 15.6 Million warrants is NOT 50% of 56.9 Million shares. IT'S a FRACTION OVER 20%, or 22% almost exactly. And to get that...it will cost both them financiers 88 cents times 15.6 million warrants or about 12 million cash which CYCH gets to KEEP. The whole fuxking company is worth 25 million or so discouting all this merger Warrant for the only public shares available and outstanding...ie 25 million times a dollar. IF they are going to end up paying 12 million for 20% of that God Bless them.