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Technology Stocks : CMGI What is the latest news on this stock?

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To: freeus who wrote (10975)6/28/1999 4:52:00 PM
From: Winter  Read Replies (3) of 19700
 
How to open a WIT account by July 2nd?

I didnt get my CMGI code last week so today I faxed in my trade confirmation per their IR phone msg directions. In the meantime I thought I would see if I could open the WIT account now and then fill-in the CMGI code later - so I called WIT and they said no I couldnt and that the account has to be open AND fully funded by July 2nd - and that personal checks take 7 days to clear.

Therefore even if CMGI comes through with my code today (still waiting) there is no way I can get the account open in time unless I fedex the account application and use a wire transfer to fund the account. This is not what I call good investor relations!

Has anybody else heard this nonsense or was the guy from WIT wrong, I would think it would be sufficient for them to just receive the check by July 2nd as long as I dont need to trade against it before it clears...

(I am emailing a copy of this to CMGI investor relations as well)
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