SI
SI
discoversearch

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 : Roaring Internet Stocks -- Ignore unavailable to you. Want to Upgrade?


To: chalu2 who wrote (1347)3/3/1999 12:48:00 PM
From: Walter Fabisiak  Respond to of 1530
 
Chalu:

The financing was a straight stock deal where the company offered restricted stock at a discount to market. Most of the stock was purchased by existing stockholders, their relatives and friends.

This was NOT one of those notorious "floorless" convertible deals where the stock goes into a death spiral because of naked shorting.

Walt