I found others are reading our posts and this one is on EUTO as their future possible plan. Just adding info as I find it.
To:+edde (6395 )
From: +edde
Thursday, Nov 26 1998 6:11PM ET
Reply # of 8935
Attached is what I believe Eutro is trying to accomplish:
Welcome to Web
Street!
By Maura Kate Kilgore
Special to Law Journal Extra!
...Several companies have
already been created with the specific
purpose of handling Web-based IPOs.
Among these are Direct IPO, a
California based company, and Andrew
Klein's WitCapital, which Klein reports
is developing rapidly.
Existing companies have also been
quick to add a Web component, among
them companies like Ben Ezra
Weinstein & Co. and surprisingly,
Solomon Brothers. The services they
offer vary from investment banking
services to distribution of prospectus, to
Web-based marketing and advice.
Several Internet trading mechanisms are
also in place, such as Instanet, Posit,
and the Arizona Stock Exchange,
where institutions trade with each other
without paying fees.
The low cost and immediacy of the
World Wide Web seem destined to
have a great impact on traditional
notions of raising capital,
communicating with shareholders, and
even waging a takeover battle. In the
not-too-distant future, shareholder
meetings and paper exchanges may
become a thing of the past, and the real
business of finance may take place on
"Web Street" with the same volume that
it now takes place on Wall Street."" |
