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Technology Stocks : Information Architects (IARC): E-Commerce & EIP

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To: Robert K. Sims who wrote (3470)	11/24/1997 10:31:00 PM
From: Jeffrey S. Mitchell	of 10786

Most of the Reg -S (all?) was given to overseas investors. I'm not sure how strict they are over there about OTC vs. NMS stocks, but the fact that many a Reg -S is done overseas should tell us something. I was told by someone that brokers overseas have more control over their clients than here-- that it is not uncommon for them to buy and sell stock in their clients' accounts at their own discretion. These brokers, or perhaps a bank, might wish to sell a profitable position to assure they have a profitable year and thus maintain their client base. Just keep in mind that I'm not a broker (gg). Just figured I'd throw out some possible reasons why the stock tanked suddenly a few days ago. - Jeff

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