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Technology Stocks : First Virtual Holdings (FVHI): Internet bottom fishing?

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To: gizelle otero who wrote (76)7/14/1998 1:47:00 PM
From: gizelle otero   of 87
 
I always respond with facts, here are some on FVHI:

1. SoftBank just pumped 12.4 million into FVHI (also assumed their debt).

2. None of the transactions increased the float. All are considered "insider" stock, which doesn't count against the float (shares available to be freely traded by the public) In fact, the float has been decreased from 1.9 mil to 1.2 mil by the recent transactions.

3. SoftBank's published policy is to hold at least 2 years. Why would they spend 12.4 mil, and then lose it by flooding the market with stock?

4. No SEC filings other than insider buys and the recent transaction.

Please do not trash a good company in the hope of getting more shares cheaply or making money on your short position. The facts are too easy to obtain in 1998.

FVHI is a fine company matched up with SOFTBANK and E*Trade. Watch and learn.
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