SI
SI
discoversearch

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.
Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme -- Ignore unavailable to you. Want to Upgrade?


To: Tim Luke who wrote (7001)7/9/1998 12:08:00 PM
From: Charlie Langford  Read Replies (1) | Respond to of 8798
 
TradeAlert.com just picked FVHI...check out this story..1.2 million float and 357000 shorts...heres some of there story

ALERT DATE:
Thu 7/09/1998
STOCK SYMBOL:
FVHI
STOCK NAME:
First Virtual Holding Inc
ALERT BID/ASK:
2 15/16 -- 3 1/8
STORY/NEWS:
When we first started looking for a sympathy play with
YHOO's earnings results and additional Investment by
SOFTBANK of $250 million we found a potential diamond in
the rough. With a recent investment SOFTBANK and
E*Trade now own over 63% of the outstanding shares
outstanding of FVHI and have placed three new SOFTBANK
executives on FVHI's board of directors. FVHI recently
veered away from its original e-cash business plan to focus on
Interactive messaging and Internet marketing systems.
Bradley Feld (Managing Director, SOFTBANK Technology
Ventures) commented, "SOFTBANK and its portfolio
companies are the leading providers of infrastructure services
to the digital information industry worldwide. Interactive
messaging and other electronic mail services are becoming a
critical aspect of that infrastructure. Our investment in First
Virtual Holdings is an important step in realizing our vision of
e-mail as a central element of the digital economy." Why
would SOFTBANK come to the rescue of a company shifting
focus and subsequently sell 833,333 shares to E*Trade? With
SOFTBANK's investments in other internet related companies
and being a 31% holder(also the largest holder) in YHOO
there is the potential for many fantastic things to come about in
the near future for FVHI. There are no guarantees but the
names and financial backing are impressive. Check out their
web site at firstvirtual.com Market Guide and
Dow Jones put the float at only 1.2 million which could make
this a very volitile stock as the street digests all the news and
recent events. Short position is 357k as of June 1998. First
Virtual Holdings Completes Softbank Investment and Elects
New Directors SAN DIEGO--(BUSINESS WIRE)--June 26,
1998--First