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


To: Jonathan S. Feingold who wrote (1206)12/9/1998 9:29:00 PM
From: M. Dion  Read Replies (1) | Respond to of 1634
 
Cant explain why the stock is down so much.....but before the big move the stock was trading lower than where it is now.....just finding a new lower floor before it heads up again.....

as for the spinoff.....you will receive the same percentage in the ubid shares being distributed that you own in MALL.....as of the day of record......so if you own 1.23% of MALL.,....you will receive that percentage of shares of UBID being distributed.....

whats this all mean.....If the spinoff happenned today your value of UBID shares would be worth more than what MALL is trading at right now......and you would still have a $800 million revenue company still to boot......

UBID will fall though when they announce the spinoff......all those new shares being issued etc etc......

Mall is still a great buy......10 million shares.....5 million in the float......some company could literally buy them out for $40 per share....get $80+ in revenues and own 80% of ubid....what a deal...

mike