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Technology Stocks : Creative Computers(MALL) -- Ignore unavailable to you. Want to Upgrade?


To: drakes353 who wrote (1165)12/7/1998 1:54:00 PM
From: Daniel P. Dwyer  Read Replies (3) | Respond to of 1634
 
It seems to me that shareholders of Mall were disadvantaged by their own management by not declaring the split for shareholders as of the date of the ipo. There is no incentive to hold Mall. The value of uBid did not redound to the value of Mall, unless the value was discounted many days ago. You say the distribution should occur in the next several months. Why should there be such a guessing game? Its another unnecessary risk for shareholders. x-dividend dates are different from shareholder of record dates. Management should have announced that distributions of .7 shares of uBid for every share of MALL will be made on x date for shareholders of record on y date. That to me would have been preferable. What is management's motivation for doing it the way they did? I do not understand it. But thank you for your clarification.

Dan Dwyer



To: drakes353 who wrote (1165)12/7/1998 2:17:00 PM
From: Jonathan S. Feingold  Respond to of 1634
 
I purchased 100 shares of MALL last week between 27 and 59 dollars a share between Monday and Friday. Why is MALL gone down so much after the IPO of UBID? Should I sell now and take a 45 percent loss or wait? Will MALL keep going down or start to go back up?
Do I own future shares of UBID for each share of MALL that I own? Is it 1 share of MALL equals 0.80 shares of UBID?

Jonathan