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Technology Stocks : BACKDOOR, an IPO> IDTC,BRKT,BNYN,KLOC,NAVR
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To: Glenn Petersen who wrote (876)9/16/1999 9:40:00 PM
From: Scott Ozer  Read Replies (1) of 954
 
40 percent is a little too steep, since the 365 day period can be waived at anytime by the underwriter. Like an option marching to expiration the discount should get smaller evey day in theory.
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