Quote:
Originally Posted by Alex
Thats puts you at
1st 42,000 shares @ $4.50 = - $191,250
2nd 42,500 shares @ $5.90 = - $250,750
Sold 45,000 shares @ $7.00 = + $315,000
Bought 45,000 shares @ $6.50 = - $292,500
Sold 45,000 shares @7.95 = + $357,750
So currently you still have 40,000 shares and are down $61,750
But @ MIX's current value of $8.70
http://finance.yahoo.com/q?s=mix
If you sell those 40k now you will make another
40,000 shares @ $8.70 = + $348,000
Which puts you at $286k profit overall. Not bad.
You are very close on the math
Plus i got in a run earlier this year from 4.75 to 7.25 on 20K shares
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http://biz.yahoo.com/e/050629/mix10-k.html
On February 11, 2005, the Company and its wholly owned subsidiary Social Labs LLC, along with Redpoint and MSV, entered into a series of agreements and consummated a series of transactions in connection with the establishment of MySpace, Inc. Under the terms of the deal, both the Company and MSV, an entity owned by Company employees, contributed their ownership interests in the assets of the MySpace.com business to newly formed Delaware Corporation MySpace, Inc. Prior to the transaction, the ownership interests in the assets of the MySpace.com business were held 67% by Social Labs LLC and 33% by MSV. Simultaneously with the transfer of assets, MySpace sold a combination of common and preferred stock to Redpoint for a total purchase price of approximately $11.5 million, from which the Company received approximately $2.8 million in cash, a note from MySpace in the principal amount of $1.5 million, which is subject to post-closing adjustments, and a majority ownership stake in MySpace, Inc. Approximately $3.75 million of the total purchase price of $11.5 million went to MSV as partial consideration for its contribution of assets, and after completion of the transaction MSV owns a 19.9% interest and Redpoint owns a 25% interest in MySpace. Approximately 5% of the equity ownership is reserved for issuance of employee stock options. Upon completion of the transaction, the $5 million in net financing proceeds was deposited into a MySpace bank account. As a result of the transaction, the Company has recorded a gain on sale of its equity interest in the amount of $6.279 million and MySpace, Inc. is a partially owned subsidiary, which is consolidated for financial reporting purposes. Subject to certain limitations, the Company also has an option to buy out the other stockholders of MySpace based on a valuation of $125.0 million if the Company receives a bona fide offer by a third party to acquire more than 50% of the stock or assets of Intermix within 12 months of the closing date (so long as discussions relating to such third party offer are ongoing). The Company may not exercise the option, however, in the event (i) MySpace, Inc. has previously received a bona fide third party offer to purchase MySpace for an amount in excess of $125.0 million and discussions regarding such acquisition are ongoing, or (ii) MySpace has previously filed a registration statement for an initial public offering and such registration statement has not been withdrawn. MSV, in connection with the December 2004 Redpoint financing and execution of the non-binding term sheet, agreed to invest $300,000 in the Company in exchange for 75,000 shares of Company common stock and a five-year warrant to purchase 11,250 shares of Company common stock at $4 per share. The sale of stock to MSV was conditioned on, among other things, the completion of the MySpace transactions
Hahhaah this has been of the best timed investments of my life !
