From:	Mark Imbriaco <mark@********.IP.NET>
Subject:	Re: Industrial Sound and Magic
Date:	Fri, 28 Jul 1995 10:17:31 -0400

On Fri, 28 Jul 1995, The Wyrm Ouroboros wrote:

> Um, what is IS&M worth, right now? Even if they don't sell actual stock on
> the exchange, it's still considered to be worth X amount of nuyen per
> share or percentage point of ownership in the company. To be honest, doing
> what you're suggesting is a _really_ bad idea, unless those that currently
> own major amounts of stock have a lot of money to dump into the corp.
> If they don't, they're running a _serious_ risk of losing control of the
> corporation.

Not if he only does a partial public offering, like he said.
He could make sure that he retains enough stock to control the
board.

> A much better idea is to sell bonds instead. Sell, say, up to 1/2 the net
> worth of the company in bonds. Doing so lets the board keep their position
> of power, yet get the cash with which to do business.

Definitely much safer, but the stock offering could work if he
wanted it to. Someone trying to do a hostile takeover later
would make for a good plotline too.. ;)

-Mark