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Staples, Inc. Message Board

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  • lom2000 lom2000 Jun 25, 1999 10:01 AM Flag

    74,000 shares already traded EOM

    that the Miller's are selling cause dilution of the stock?

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    • The shares owned by the Quill (Millers) owners
      were issued from the current shares authorized, when
      the transaction was completed. These are NOT new

      The secondary offering is the notice and registration
      necessary to sell these shares. It does not mean that they
      will trade all at one time. It would be inthe Millers'
      interest to see that the shares are sold in an orderly,
      metered manner so as to not tank the stock and shares
      they have remaining after the first increments trade.

    • is correct however,they are for all practical
      reasons new to the is alsocorrect that it is in
      the interest of all concerned to sell these shares in
      an oderly manner,however, the brokers really want
      their commission and would not be too careful which way
      the stock goes.Lets hope that the institutes would
      pick these up.The floating shares would increase so
      the price would be a little cheaper for a short
      time,I think of course all this is what I think and
      could be a little of.Just an opinion.Good Luck

      • 1 Reply to Lourdes50
      • while sounding like a lot of shares, and it
        is-normally, it amounts to nly less than 4 days trading volume
        for SPLS. Also, a smart broker handling this trade
        wants to do what is best for the client and not be
        branded as a dumbs...t. They hope to get more business
        from SPLS. Also, if they sell them in one day or 10
        days, they still get their commission. So, IMO, the 12
        MM shares is a nonevent in the medium to long term.

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