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Technology Stocks : InfoSpace (INSP): Where GNET went! -- Ignore unavailable to you. Want to Upgrade?


To: Out_of_the_Trap who wrote (2635)3/30/1999 7:12:00 PM
From: opey  Respond to of 28311
 
I agree OotT, most folks don't realise that we are being accumulated early and sold off late.....

This tells me that with high vol and price up in the first 1/2-1 hr of trading and then thin volume and sinking price late in the day shakes out "lock-iners".

I too feel that a rise to 170-180 will yield a split to 85-90...
this would put us at the target tender and yadda, yadda, yadda...

Hold the shares folks, make the MM bid it up!! And for God's sake, if you sell, sell at the open and buy at the close!!!<sheeze>

Opey



To: Out_of_the_Trap who wrote (2635)3/30/1999 7:29:00 PM
From: playavermont  Read Replies (2) | Respond to of 28311
 
RESPONSE TO STEPHEN O --- Message 2634

AMEN TO THAT STEPHEN!! If people can't figure it out stay on the porch... don't try and run with the big pooches...

The tender offer is meaningless... Mr. Allen now has a say in the company...with or without the 3.6 million shares he is looking to purchase at $90/share
Whether or not he gets ANY of the 3.6 million shares he is looking for he will have 1.4 million purchased directly from insiders and 300 million dollars of preferred stock...
He has 34% +/- ownership of the company NOW!! The 3.6 million tender is nothing more than a vote of confidence for the stock and a floor for future valuation --- REMEMBER this 90/share tender was agreed upon when the stock was around 70-80 / share!!!

One more time: Paul Allen INVESTS 300 million dollars in go2net...in the form of preferred shares
That means go2net will have 300 million dollars on the balance sheet to USE in their varied expansion plans
That means go2net balance sheet will reflect a business with approximately 300+ million equity

One more tidbit... GNET had 9 million dollars in cash last quarter with 10 million total equity

THIS QUARTER IT WILL BE 300 MILLION ON BOTH COUNTS!!!!

That would mean at todays price:

GNET is selling at 5.5 BOOK VALUE ... AND PROFITABLE

YAHOO 68 TIMES BOOK HMMMMMMMMMMMMMMMM
AOL 80 TIMES BOOK HMMMMMMMMMMMMMMMM
XCIT 50 TIMES BOOK HMMMMMMMMMMMMMMMM

SEE YA IN A MONTH!!! JMHO!!



To: Out_of_the_Trap who wrote (2635)3/30/1999 7:43:00 PM
From: Judith  Read Replies (1) | Respond to of 28311
 
I also received the tender offer in the mail, but don't understand what you think may be confusing. Along with the tender offer, I received a notice stating that I needed to give them instructions as to what action I wished them to take regarding the offer. It goes on to state that they would forward my instructions if I chose to participate in the offer.

What is unclear? What is it that you think a press release should state?

Judith



To: Out_of_the_Trap who wrote (2635)3/31/1999 12:17:00 AM
From: Scrapps  Respond to of 28311
 
Sounds like you use an $8 brokerage firm, if you use Schwab or one of the better ones...just give them a call on the 800# and ask your questions. Have you looked at the GNET websites Investor Relations section?...Try it. go2net.com

Oh...one more thing. Don't expect a split while their is a tender offer or a deal in progress.



To: Out_of_the_Trap who wrote (2635)3/31/1999 2:03:00 AM
From: Bajasurfer  Respond to of 28311
 
Thank you for your support....

Of course this is confusing.

I have friends that own GNET that have been calling me like crazy for clarification. What kind of questions do you think IR is getting swamped by..... ask them if you don't believe me...

Ask CNBC. They first reported this wrong themselves....

YES, the company owes us a press release which probably won't come out until April 15th or whenever Paul Allen gets the amount of shares he needs in the open market.

Paul Allen can purchase shares in the open market according to his already disclosed intentions.

It is an insidious poker game....

YOU OWE US A PRESS RELEASE GNET....

Baja