Thursday, June 30, 2005

More on Intermix / Myspace Form 10-K

"In December 2004, the Company issued one million shares of common stock and a five-year warrant to purchase an additional 150,000 shares of common stock at $4 per share to entities affiliated with Redpoint Ventures (collectively Redpoint) for a total purchase price of $4 million. The Company and Redpoint also entered into a registration rights agreement applicable to the common stock and shares to be issued upon exercise of the warrant. "

That means Redpoint has doubled their money in a matter of 7 months. MIX is currently trading at $8.79.

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