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Technology Stocks : Newbridge Networks
NN 12.64+3.2%Nov 14 9:30 AM EST

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To: ricky who wrote (13262)9/10/1999 5:24:00 PM
From: Ian@SI  Read Replies (1) of 18016
 
Ricky,

The venture capitalists that would have had this opportunity first, and passed it over after doing due diligence, would generally be MBA types or very business experienced; an excellent, if not intuitive judge of business plans, people, and business opportunities.

They would also have very current and very thorough understandings of what businesses are succeeding and which are declaring chapter 11.

A private placement is only for the most sophisticated of investors because the probability of total loss of capital is highest.

IMO, reading a book to get some background, implies that you should definitely look at any money you put into a private placement as an out and out gift with no expectation whatsoever of any return ever.

I could be wrong. It happens.

Ian.
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