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Microcap & Penny Stocks : Tech Squared (TSQD)- Internet Commerce -- Ignore unavailable to you. Want to Upgrade?

To: 24601 who wrote (134)	4/19/1998 11:48:00 AM
From: M. Frank Greiffenstein	Read Replies (1) \| Respond to of 2752

All valid concerns, John... You are correct. TSQD can include its 4.8 million shares in the IPO. And if new shares are printed, there will be dilution of TSQD's share of DR. I call that risk. But I have looked at this backwards and forwards. Even if new shares are printed, TSQD's stock price would still be considerably higher than it is today if DR fufills its promise to be a hot IPO. Of course, my "wish" is that no new shares a printed, TSQD keeps all of its shares, and DR IPO is as big a deal as DCLKs or ATHMs <g>. Keep in mind, there should also be a turnaround in TSQD's core business. Apple is making a strong comeback, I see no reason why TSQD wouldn't benefit from this. DocStone

To: 24601 who wrote (134)	4/19/1998 12:28:00 PM
From: Andrew H	Read Replies (1) \| Respond to of 2752

>>As I understand it, TSQD owns an option to buy 4.8 million shares of common stock in Digital River at any time through December 31, 2000, for a total of $1.<< I was not aware of this. Is this in addition to the 26% currently owned? Or does this represent the 26%? >>Even ruling out further private placements or other pre-IPO registrations of additional shares, won't the IPO further dilute TSQD's effective control?<< I am not clear on this. If they can buy an additional 4.8MM shares for $4.8MM (additional to their already existing 26% ownership) they will certainly do that. Such a purchase would be likely to raise, rather than lower, their percentage of ownership, depending of course on how many shares are issued. >>Incidentally, TSQD is entitled to include its 4.8 million shares in the IPO.<< LOLOL. It just gets better and better!