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 : Data Race (NASDAQ: RACE) NEWS! 2 voice/data/fax: ONE LINE! -- Ignore unavailable to you. Want to Upgrade?

To: roddio who wrote (32069)	4/12/1999 9:19:00 AM
From: David Penfield	Respond to of 33268

Here's my favorite section of the recent S-3/A. They are saying that if a lot of shares of RACE are sold the stock price may drop (duh), and by the way here are some shares that will soon be sold. Look out below... Future Sales of Shares Could Adversely Affect Our Stock Price and Impair Our Ability to Raise Capital The sale or availability for sale of a significant number of shares of common stock in the public market could adversely affect the market price of the common stock which is already volatile. In addition, the sale of these shares could impair our ability to raise additional equity capital. This prospectus covers the potential sale from time to time of up to 3,688,778 shares of common stock. We have also previously registered for resale 3,143,582 additional shares of common stock, including 1,084,959 shares underlying preferred stock and warrants, which have not yet been sold into the market. In the case of the preferred stock, because we may elect to pay accrued dividends in the form of common stock, the number of shares issuable will increase as the market price drops. At March 22, 1999, we had reserved approximately 2,351,835 shares of common stock for issuance under currently approved employee benefit plans, including 1,776,256 shares subject to outstanding options.