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Non-Tech : Wit Capital - The way of the future?
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To: hookbull who wrote (4705)6/8/1999 9:59:00 AM
From: Scott Mabry  Read Replies (3) of 16809
 
SH*T--I got the old Dear John again. I found one thing particularly disturbing, however: Please read over the following "factors" that may have caused me to be shut out.

One or more of the following may have been a
factor:

1) your account did not contain the minimum $2,000 net market value in cash
or fully paid securities at the time the deal went effective
2) you did not reconfirm your Conditional Offer on a timely basis when asked
to do so by Wit Capital
3) you have flipped shares within 60 days of purchase (see our "flipping"
policy)

I wired in $1,200 yesterday morning, and I already had about $400 in cash, and $500 in a security. I will be extremely pissed if I got shut out because I didn't have $2,000 cash. (Especially since established accounts have until July to meet the new $2,000 minimum requirement.)

Is there any way to find out exactly why I got shut out? Is it worth calling them to try and get an answer?
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