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Ira,
You mention Inktomi in your post and coincidentally they were talking about
it on CNBC after hours that it had gone from $151 to $2.79 (my data base
says more like $241 but maybe missing a split).
Another dumb question, I won't ask you to explain the $151 or the $241
whatever, I understand that mania but $2.79?? Is this a great opportunity
or the end of the company?? These numbers are absolutely hard to comprehend.
I have no idea who or what they do, but the name has appeared enough one
would assume they are a going concern?
Are we witnessing an opportunity or just the opposite? Amazing.
don ewers
----- Original Message -----
From: "Ira Tunik" <irat@xxxxxxxxx>
To: "realtraders" <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, April 03, 2001 4:18 PM
Subject: [RT] New ploy
> Well! Companies are finding a way to please some disgruntled employees.
> They are using what is called "synthetic repricing". What actually
> happens is that the company cancels the current stock options that were
> issued at higher exercise price and guaranties to re issue the stock
> options in 6 months at a lower price. This will impact all current
> stock holders if this occurs. It is my understanding from the article
> that I read, that if the companies stock were repriced before then that
> it could be written off as an expense to the company. Both Ariba and I2
> have done this already. It is my understanding that Inktomi, commerce
> One and Vitria are considering doing the same. Some companies can
> suffer dilution of up to 24%. What a better time then now to do all
> these little shenanigans? Have a good evening. Ira.
>
>
>
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>
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