|
PureBytes Links
Trading Reference Links
|
In a message dated 98-01-06 20:07:09 EST, RonAug@xxxxxxxx writes:
<< Subj: Re: Cut off of DTN
Date: 98-01-06 20:07:09 EST
From: RonAug@xxxxxxxx (Ron Augustine)
To: omega-list@xxxxxxxxxx
Not true! -- On any IPO, the shares held by the Directors, Owners, Officers,
etc. are embargoed from being traded for anywhere from 6 to 18 months after
the IPO date.
80% of the Omega Stock is privately held -- if you're tracking the big $$$
losers, that's where you'll find them... >>
Ron: You are confusing private stock which the owners sell to the public
initially with public stock which they reserve for themselves as a result of
the offering. The Cruzes did indeed cash out a significant amount of their
private stock at the instant of the offering to the public. Now they are
bound to wait to sell their stock issued as a result of the S1 offering for a
period proscribed by regulation.
Regards, Jack.
|