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.

Microcap & Penny Stocks : ASK: "THE LAST DON" OF MOMENTUM TRADES -- Ignore unavailable to you. Want to Upgrade?

To: MoneyMade who wrote (8423)	3/5/1999 4:04:00 PM
From: Alan Coccio	Read Replies (1) \| Respond to of 15987

VCAH- Okay so I took your word for it and bought some at .11 before the close. We'll see how it plays out.

To: MoneyMade who wrote (8423)	3/6/1999 11:50:00 AM
From: Kevin McKenzie	Read Replies (2) \| Respond to of 15987

MM, Could you please help me understand Friday's NTFY announcement (if you have time)? Notify announced that Steve Brewer (CEO of Inktomi) has purchased 850,000 shares of Notify Technology common stock at a price of $3.60 per share. Brewer also received warrants to purchase 623,200 shares of common stock at $3.60 a share. These warrants expire in 18 months or upon Notify achieving certain milestones. He additionally received warrants with a four year term to purchase 721,444 shares of common stock at $3.60 per share. My questions: 1. NTFY currently has 3.5 million shares oustanding, of which 2.6M are float and 940K are held by insiders. Did NTFY issue more shares to allow Brewer to purchase the 850K? 2. Will NTFY have to issue even more shares to cover the other 1.3M shares Brewer has warrants for (ie, 721K + 623K)? 3. Do Brewer's holdings reduce the float? IE, if the float was 2.6M before Brewer purchases 850K, is the float now 1.55M (2.6M - 850K)? Or did NTFY simply increase the shares outstanding by 850K to accomplish the private placement? Any help with your understanding of this situation is appreciated. Thanks, Kevin