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 : Adaptec (ADPT) -- Ignore unavailable to you. Want to Upgrade?

To: Jim Switz who wrote (3818)	10/4/1998 12:01:00 AM
From: Adam Weiner	Read Replies (2) \| Respond to of 5944

The 424b3 is an amendment to the S-3 filed on 6/26/98 by the stakeholders of Ridge Technologies, which Adaptec acquired and paid for in stock. The S-3 (and the subsequent amendment) were filed as required by Securities Regulations to "register" the shares and indicate the proposed disposition of the shares. In this case, the S-3 is indicating the holders may/will offer their shares for sale, in a "delayed or continuous basis", in standard NASDAQ OTC transactions. This is boilerplate permitting the Ridge people to sell their newly-issued ADPT shares at their discretion.