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Non-Tech : London Pacific Group - LPGL doubles... -- Ignore unavailable to you. Want to Upgrade?

To: peacelover who wrote (383)	4/22/1999 11:53:00 PM
From: Glenn Petersen	Read Replies (1) \| Respond to of 737

After the offering of 3,650,000 shares, there will be 21,321,705 shares outstanding. The 17,671,705 shares that were outstanding prior to the offering, which includes the 2,605,864 shares held by LPGL, will be subject to various restrictions and cannot be immediately sold. If the restrictions did not exist, many of these shares, 2,339,536 of which are held by Paul Allen's Vulcan Ventures, could be dumped on the market. The underwriter also has an option, which will certainly be exercised, to purchase an additional 547,500 shares at the IPO price. Until the restrictions are lifted, there will be 4,197,500 shares in the float. P.S. I sold my shares at 34 1/2 and I am looking to get back in. I think that the normal "back door" rules will apply but not to the extent of a MALL or DBCC. I think that there is a solid base in the $25-28 range. Tomorrow should be interesting.