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Non-Tech : SOLOMON-PAGE SYMBOL -SOLP- -- Ignore unavailable to you. Want to Upgrade?


To: MC Niemi who wrote (193)11/21/1997 11:39:00 AM
From: James W. Bradsh  Read Replies (1) | Respond to of 295
 
They will just have to make it on their own merit. SOLP is looking good and if they continue on track there is no reason this stock should not merit a higher price and p/e. The next two quarters may well do the trick. IMHO it's worth somewhere between 6-7, which may be a reasonable target for Spring 1998. The only fly in the ointment is whether or not the Asian financial "flu" will become a world-wide problem as it spreads... how quickly and how deep. It is well worth watching very carefully.



To: MC Niemi who wrote (193)11/27/1997 7:50:00 AM
From: Thomas Kirwin  Read Replies (1) | Respond to of 295
 
More Dilution- SOLP Filed an S-8 Registration on July 28, 1997

MC,

I am ashamed that my do-diligence did not include a perusal of the SEC documents filed by SOLP. It concerns me that management filed an S-8 registration for 1,162,000 shares to be sold by management and directors. Apparently these shares are incentive or bonus shares yet to be issued and could be sold into any rally further diluting our stock.

The two directors named, Edward Ehrenberg and Joel A. Klarreich, have no shares held prior to the registration yet SOLP is giving them 16,000 shares each. The remainder of top management will sell 1,130,000.

In light of SOLP's warrant buyback announcement it appears as though management may be making a play to profit. Were these additional shares accounted for in the 9,000,000 fully diluted shares outstanding? Could we see 10,000,000 shares soon? What gives?

Here is the filing.......

sec.gov

Regards,

Tom