kudyba Posted May 21, 2001 Share Posted May 21, 2001 Universal uploads MP3 for $370 million Just months after Universal Music Group beat MP3.com to a pulp in federal court over copyright infringement, Universal's Vivendi Universal parent has agreed to buy the embattled Netco in a cash and stock deal worth $372 million." Should I keep my remaining shares and have them auto-convert or sell them? I'd be taking a hit since I got in at the IPO of $28 but I guess I could write off the loss on my taxes... Link to comment Share on other sites More sharing options...
alphajerk Posted May 21, 2001 Share Posted May 21, 2001 huh, that company was a joke to begin with. they got what they ultimately wanted. i never bought their anti-industry cries, they were just waiting to be bought. did you really buy stock? i saw it shoot up on IPO and knew it wasnt worth that. it came barreling down as quick as it went up. alphajerk FATcompilation "if god is truly just, i tremble for the fate of my country" -thomas jefferson Link to comment Share on other sites More sharing options...
kudyba Posted May 21, 2001 Author Share Posted May 21, 2001 As 1 of the early MP3.com artists, I was offered the IPO price which started at $28. I sold 1/2 (yeah I know what a big dummy I shoulda sold them all but I believed in what they were doing) at $90...still have that 1/2... Link to comment Share on other sites More sharing options...
Gus Lozada Posted May 21, 2001 Share Posted May 21, 2001 Originally posted by kudyba: As 1 of the early MP3.com artists, I was offered the IPO price which started at $28. I sold 1/2 (yeah I know what a big dummy I shoulda sold them all but I believed in what they were doing) at $90...still have that 1/2... Fresh Money means your investment is safe by now. You money was actually in risk before of the purchase since somehow they were seeking for foundings. Problem is to know if it is convenient to keep them, against a similar investment in other place. It depends... how much money do you have right now in it and for how long have you owned them? if you did buy them @$28... and sold (recently?) some for $90 (man!)... the acid test: If it lowers MORE than a 50% of its maximum stock value, (I mean, your safety level would be @$45...) then sell immediately. If not... keep waiting. Fresh money in a company will always be healthy. Músico, Productor, Ingeniero, Tecnólogo Senior Product Manager, América Latina y Caribe - PreSonus at Fender Musical Instruments Company Instagram: guslozada Facebook: Lozada - Música y Tecnología www.guslozada.com Link to comment Share on other sites More sharing options...
kudyba Posted May 21, 2001 Author Share Posted May 21, 2001 I don't have that many shares left--ok I'll spit it out--I have 75 shares left I purchased at $28. Have had them for 2 years now. I sold the other 75 @ $90 on the day they IPO'ed.... Link to comment Share on other sites More sharing options...
Gus Lozada Posted May 21, 2001 Share Posted May 21, 2001 Originally posted by kudyba: I don't have that many shares left--ok I'll spit it out--I have 75 shares left I purchased at $28. Have had them for 2 years now. I sold the other 75 @ $90 on the day they IPO'ed.... A 320% of increment in 2 years is an excellent deal... You did not mention the current stock value of them. But again, I guess it is a good choice to keep them. What I was saying was: If they costed 28 and you sold them @90... if your shares value fall below the 60 dollars each, sell them. If not, keep them... seem to be a good deal yet since no bank will give you that in a "normal" investment. Oh man... I forgot this was a Music forum http://www.musicplayer.com/ubb/biggrin.gif Have a great day. Fresh Money... we all want it ! GusTraX@yahoo.com Músico, Productor, Ingeniero, Tecnólogo Senior Product Manager, América Latina y Caribe - PreSonus at Fender Musical Instruments Company Instagram: guslozada Facebook: Lozada - Música y Tecnología www.guslozada.com Link to comment Share on other sites More sharing options...
Calfee Jones Posted May 21, 2001 Share Posted May 21, 2001 Didn't I read that Universal was offering $50 a share? - Calfee Jones Link to comment Share on other sites More sharing options...
kudyba Posted May 21, 2001 Author Share Posted May 21, 2001 No they are offering $5 a share of Vivendi/Universal stock. The regular MP3.com stock jumped to $4.85 today... Link to comment Share on other sites More sharing options...
Marvster Posted May 22, 2001 Share Posted May 22, 2001 Just to clarify: They're offering $5 *worth* of Vivendi stock for every MPPP share, not V stock at five bucks per share. In other words, 75 shares of MP3.com at $5 each would convert to around five shares of Vivendi (currently around $68 per share). Marv This message has been edited by Marvster on 05-21-2001 at 05:34 PM Link to comment Share on other sites More sharing options...
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