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Technology Stocks : Data Broadcasting Corp. (DBCC) -- Ignore unavailable to you. Want to Upgrade?


To: esecurities(tm) who wrote (4707)3/6/1999 9:10:00 PM
From: esecurities(tm)  Read Replies (3) | Respond to of 5102
 
The HIRSCHFIELD-TESSLER Closed-Loop Feedback Non-Insider Shareholder Maximization Control System*

Issues of Fact.

On 13 October 1998 DBCCs MarketWatch.com filed its S-1 Registration Statement with the SEC ref/ freeedgar.com

On 28 October 1998 DBCC filed its [smoking gun] DEF 14/A [Form of Proxy] with the SEC wherein "...Repricing of Stock Options...Effective as of June 22, 1998 the Stock Option Committee unanimously approved the repricing of certain stock options. The Committee designated 885,500 options to be repriced, which affected 60 different employees and directors of the Company...10-YEAR OPTION REPRICINGS..." ref/ freeedgar.com

DBCCs (NASDAQ:MKTW) commenced trading on January 15, 1999... ref/ fnews.yahoo.com

wherein said insiders/entrenched Board of Directors contemporaneously began dumping substantial positions ref/ insidertrader.com (thru 3/2/99) and biz.yahoo.com (thru 2/19/99)...

DBCC has traded between $5-$9/share for ~ 5 years or a mean [x bar] of ~$6.50? over its trading life ref/ quote.yahoo.com

...so...shareholder value maximization the DBCC way?...Special Director [non-shareholder] Meeting approved issuance(s) of insider options...announce arguably 1999s most substantive Internet IPO with MarketWatch.com...reprice insider shareholders options downwards...stock appreciates from $3/share in October 1998 to $50 in January 1999...insiders dump substantial positions including exercising their stock options just repriced downwards the moment the stock moves out of its historical range i.e. the moment management commences to maximize shareholder value management dumps!?...we are not aware of this form of corporate governance...not exactly sending a signal of confidence to their [non-insider] loyal long-term employees/shareholders...then insiders announce a share buyback program...wherein options are issued....ad infinitum...a HIRSCHFIELD-TESSLER Closed-Loop Feedback Non-Insider Shareholder Maximization Control System*... and why DBCC still has appx. 33 million shares outstanding after multiple $multimillion share buybacks over several years...and share buybacks which simply make no sense esp. for an internet technology Company where capital is simply sacred...share buybacks exist for cash cows within mature industries, by definition (.)...unless it is DBCC management's sole purpose to simply maximize insider shareholder value wherein said buybacks simply mask said insider 144 issuance dilution?...

...so how did something this big slip through the keyboards of (CBS.MW) Securities journalist sleuth(s) Calandra, Barnako, Daly, Chervitz, et al through all this?...we accordingly hereby issue you a free library card to the Silicon Investor Securities Library aka S.L.I.M.E.D Rave techstocks.com before you are scooped by TheStreet.com, or Pluvia, or Tastes Like Chicken, or Anthony@equityinvestigations, or MSNBC.com, or GO.com, or SNAP.com, or c|net, or ...?...

*aka [back-to-back] alleged stock fraud.