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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?


To: xcr600 who wrote (5270)12/22/1998 9:14:00 PM
From: RockyBalboa  Read Replies (2) | Respond to of 18998
 
there are roughly 10 Million shares MALL outstanding and Mall owns 80% of uBID (9.2 M shares). So 100 share MALL represent 72 or 73 shares ubid.

IMO the price difference between those two is ridiculous, all a question of supply and demand. uBID totally decoupled from mall recent days, before that (uBID IPO till 16-Dec) MALL traded a 0.50 delta (mall price change per ubid price change). MALL priced on uBID with a 28% discount for tax reasons and some MALL value... was roughly $80 (ie $72 + $8). If there is a tax-free distribution to MALL shareholders in 1999 then it is even more.

See Tom Hua's and also my elaborates late Nov on MALL thread

C.



To: xcr600 who wrote (5270)12/22/1998 9:29:00 PM
From: Mad2  Read Replies (2) | Respond to of 18998
 
Link to MALL's S-1
Message 6728516
Shares outstanding 8909833
IPO 1580000
Over allotment 237000
Overlotment was exercised, MALL owns 80.1% of outstanding shares.
BTW, I haven't been able verify the "downgrade" and consider it suspect untill confirmed as it came off Yahoo board



To: xcr600 who wrote (5270)12/22/1998 10:27:00 PM
From: Mr. Pink  Read Replies (1) | Respond to of 18998
 
Problem is you can not borrow ubid