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Technology Stocks : OnSale Inc. -- Ignore unavailable to you. Want to Upgrade?


To: D.J.Smyth who wrote (1272)7/17/1998 10:31:00 AM
From: Norm Demers  Respond to of 4903
 
I think they will have a blowout quarter. Otherwise they would not be offering these shares at this price. We stand to make a lot of money on this one.

The shares are for employees by the way. But I still think they will have a great quarter.



To: D.J.Smyth who wrote (1272)7/17/1998 10:55:00 AM
From: Don Westermeyer  Read Replies (1) | Respond to of 4903
 
Is that really an offering? I read that as a registration to give their employees stock options.

I'll admit my ability to read those SEC filings is less than perfect.




To: D.J.Smyth who wrote (1272)7/17/1998 11:19:00 AM
From: FUZFO  Read Replies (2) | Respond to of 4903
 
Darrel, I read the offering as follows....

Max amount of shares to be issued (incentive + options)= 1,950,000

price at which offered = $51,614,062.50

therefore price/share = $51,614,062.50/1,950,000 sh = $26.46875/share

Again, as of July 13, 1998, Management sees employee stock options priced at $26.46/sh a good deal for its employees!!! THIS IS GOOD NEWS! IMHO I'm holding my shares.
Fuzfo