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.

Technology Stocks : IDT *(idtc) following this new issue?* -- Ignore unavailable to you. Want to Upgrade?

To: Hawaii60 who wrote (3148)	3/27/1999 12:27:00 PM
From: Andrew H	Respond to of 30916

A couple of interesting posts from Yahoo! >>IDTC Case Closed; KSE keeping secrets by: spin_it_off_now 42483 of 42507 KSE: i'm a little slow, but i believe i finally figured out your mystery clue from last night. you indicated that you were aware of this, however i do not recall you ever mentioning this previously. keeping secrets? the idtc case is closed. next victim. the following is a provision from idtc's stock option plan. the term "related entity disposition" means a spinoff. the two year period between 1998 and 2000 refers to the SEC's pooling rules. the following provision offers absolute proof that idt was preparing for a 2 step, spinoff, merger. we have no way of knowing if this is still in the works. however, IMO, this, or some other better alternative must be close at hand. this also explains the long delays. this transaction requires SEC approval for the pooling issues, and requires IRS approval to make sure the transaction is not taxable to us. ********* "RELATED ENTITY DISPOSITION. With respect only to awards granted under the Plan after November 17, 1998, the Continuous Service of each Grantee (who is primarily engaged in service to a Related Entity at the time it is involved in a Related Entity Disposition) shall terminate effective upon the consummation of such Related Entity Disposition, and each outstanding award of such Grantee under the Plan shall become fully vested and exercisable and, in the case of an award of Restricted Stock, shall be released from any restrictions on transfer; provided, however, that no such award shall vest pursuant to this Section 13(c) in connection with a Related Entity Disposition consummated prior to November 17, 2000 if such vesting would defeat the ability to account for such transaction as a "pooling" under generally accepted accounting principles. ****** Question for KSE, H60: this seems so obvious, i am wondering if i am the last person on earth to see this. the concern i now have is whether wall street already knows this and our current $17 price already reflects the upcoming transaction. please comment. << >> Spin it off now: You have found the secret! by: kennedy__style__entrepreneur 42486 of 42507 bingo. at first, before reading the proxy statement, i was viscerally inclined to be hostile beçause it was done with little notice to shareholders, prior to an annual meeting that i thought was absurdly scheduled for the week before Christmas. then i read it, and light bulbs went off in my head. zippety do da, it became clear to me in general terms, it was only a matter of time and the exact structure of the deal. everyone should read your post, and the excerpt very, very, very carefully about vesting. that was the giveway to me. also note the relation with stock price....the fact is that this whole deal does not have a helluva lot of value to management until the stock price gets above 16 and it really doesn't have much value until the stock gets above 22, in terms of serious money. the current stock price does not reflect the major upcoming deals. it reflects a post earning telecom stock price of 12 to 14 dollars a share, until the networking problem is solved and another 4 dollars or so for the Netscape deal. The Netscape deal is incredibly important....I have posted this repeatedly and it is true. Every investor should make sure to read it carefully because it explains a lot about what will happen next. Two other points. First, those in the market who have placed their bets have already done so. There was a ton of buying between 10 and 12....that is why I repeatedly posted then that the stock was a buy because the money was coming in. Major, huge, accumulation. Second, there is a second group that is waiting in the wings. I call them the "show me the money" group. Let's be blunt, there is a credibility issue with this group with all of the delays. These people have their eyes on IDT and have for some time, but they have been putting their money in the many other stocks on the internet side that have had more public confirmation of their own deals or they have executed those deals themselves, already. There will be a huge surge of buying whenever IDT formally announces its deals, and how high the stock price goes, and how long it stays high, depends on how powerful the corporate investor and spinoff/ipo/dividend/switch/ bandwith deals are. I cant predict how high, or how long, until we see the deals. But at first there will be a killer short squeeze, and a short term long squeeze and market maker squeeze....if the deals are indeed substantial....as buyers surge in at the same time, and sellers will be few and far between, at least for the first few days. regards, kse <<