Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Inktomi (INKT) -- Ignore unavailable to you. Want to Upgrade?

To: shag007 who wrote (167)	7/7/1998 5:54:00 PM
From: Rodney Glover	Read Replies (3) \| Respond to of 1945

Alex Brown - lead underwriter; Goldman Sack & H&Q co- managers. All started INKT with "BUY" this week...what a coincidence. Underwriters have an option on 338,100 shares (at prices surely less than 18) for misc. cost. CNGR has 222,222 @ $4 1/2. Grace period is over, since June 25, 1998...i.e. anyone can SELL and NOT disclose anything to NASDAQ. Looks like a high powered, closed-meeting SCAM to me. 338,100 shares = 6 million!!! to simply issue new shares? What CEO would agree to that price? A weeks work for these guys. Value is now 25 million (assuming they haven't already sold). Check the IPO percentage and see how many companies have paid 20% to spin off an additional 10% of existing shares?(they had 18mil, issued 2 mil). CNGR surely is looking to unload some,if not all of its 222,222 holdings for a possible $16 mil gain.(again if they haven't already). Pure and simple market manipulation, these guys are CROOKS with ties. Believe what you want, but coming from these guys, under these circumstances...I smell a RAT. And too many people with too many reasons to SELL.