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

To: 24601 who wrote (626)7/17/1998 2:48:00 PM
From: Joseph Waligore  Read Replies (2) | Respond to of 2752
 
This play seems similar to buying CNGR because they own 222,222 shares of INKT which they got at the basis of $4.50 a share. (Check out the CNGR thread on SI.) DRIV seems like a great company and it will probably do great in the market, but I get worried about buying TSQD to get DRIV when I see that the people owning CNGR to try to benefit from their INKT shares have not done that well. Any thoughts? Can anyone convince me that buying TQSD will not be the same as buying CNGR?



To: 24601 who wrote (626)7/17/1998 2:59:00 PM
From: eric deaver  Respond to of 2752
 
This is true. But you would more likely see a forward split at IPO don't you. Therefore lets say a 2:1 split wouldn't that mean that TSQD would then own 9.6MM shares after the IPO? This happened to me when I was working for Groundwater Technology and my options split 14:1 at the IPO. I could suddenly buy a lot more shares at a ridiculously low price.

FWIW,

Eric


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