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 : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Glenn D. Rudolph who wrote (60725)	6/5/1999 10:32:00 AM
From: Sarmad Y. Hermiz	Read Replies (1) \| Respond to of 164684

Glenn, ---------------- >>How much per share did you say GE paid? Has GE sold? Where was I? I know I must have been clear. Just in case. How much per share did GE pay? We are speaking English here correct? <VBG> ----------------------------- That answer is in the 10-Q. It appears that IVIL was started with approx $100 m. It later had an IPO for $91m. So the 20 m shares retained by insiders basically cost $100m, which is about $5/sh. Also and probably very heartening to the brave (we can't call them insane, anymore) buyers of the breakout, is the fact IVIL counts barter transactions as income $$. That amounted to 27% last year. There may be a very good reason why GE and Intel have not sold their shares. They may be restricted at the moment. There may be an even better reason. The small float is now an instrument to lure the brave buyers at $120/sh. If you have millions of shares in the float, how are you going to do a short squeeze ? Glenn, we learned a lot lately. It cost us huge $$. I am just puzzled that the lessons seem lost on others. By the way, the original investment cash is nearly all gone. IVIL seems on track to lose the IPO money by end of next year. Are we going to see converts ala amzn here, too ?