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.

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

To: Steve who wrote (2112)	8/12/1998 8:58:00 PM
From: David Browning	Read Replies (2) \| Respond to of 2752

Ronning's DRIV direct ownership per IPO prospectus is currently 70,125 shares held, plus 646,666 options at $3.00 or less. However, your point is valid, and needs repeating: Ronning's controlling interest in TSQD is his primary holding in DRIV. Moreover, he has a large number of TSQD officers/employees/advisers optioned to TSQD, as well. Their fundamental interest is substantially DRIV-oriented. Therefore, unlike WCAP/COOL, the same man is running both companies, and the indirect (TSQD) is where he/his associates have most of their personal nest eggs. Much time has been spent attempting to establish the "right" control ratio between TSQD shares and the DRIV 3.2 million share holding. I posted about this back in July, and there has been much before and since. Even if we can agree on the math (i.e. whether to include TSQD options shares in the base or not), there is no assurance that the market will do the same math from day to day. I agree that several days of clearing the smoke may be necessary before attempting to discern the establishment of any such relationship: disappointed pre-IPO folks have to get out, and be replaced by those who believe another buck is to be made in TSQD at these levels. My own ratio is 4 shares TSQD "own" 1 share of DRIV, which just happens to be where we are today. I was much disappointed in their handling of the IPO. The reverse split was a bad message to the market, and the last-minute major reduction in price from an expected $12 to $8.5 in the midst of a serious downturn insured a lousy opening, which we had. I was sure they were going to postpone, and sad that they did not. That they did go through with it shows that Ronning wanted the money in the bank, even if it was only $25.5 million rather than the $38.2 million he had planned (less fees, in both cases). He wanted the money because he feared the market; he may well prove to have been wise in taking this conservative approach. The question is whither DRIV from here, for it is now the whole story. No more speculation on a pre-IPO runup of TSQD. As such, you will make the same money in both stocks if a stable relationship develops between their prices in the next few weeks. I still hold some TSQD, and I am confident that it will do well. Put another way, I personally believe that TSQD will double by Christmas. Moving to 6 may not sound like much when the stock was in the 7's just a few days ago. But that is old news. How many "doubles" do we have in prospect today? This is one. Good Luck to All. David Browning