CMGI Update on the ALTA DSP.
CMGI's Directed Share Program
Note: for Frequently Asked Questions about CMGI's Directed Share Program, see the Directed Share Program FAQ.
You have reached CMGI's Directed Share Program Web site. CMGI, Inc. (NASDAQ: CMGI), is continuing its discretionary Directed Share Program for its majority-owned operating businesses.
CMGI intends to provide its shareholders who meet the eligibility requirements of its Directed Share Program the opportunity to participate in its subsidiaries' IPOs at the offering price. There are no offerings under the CMGI Directed Share Program in effect at the present time. If and when an offering under the CMGI Directed Share Program is planned, we will issue a press release and send a letter detailing the specific terms for eligibility and participation to all eligible CMGI shareholders.
CMGI reserves the right to revise or discontinue such programs at its discretion.
CMGI anticipates that eligibility for its Directed Share Program will reflect its January 11, 2000 2-for-1 stock split. Therefore, we anticipate that in order to be eligible, individuals will have to own a minimum of 200 post-split shares of CMGI, Inc as of a to be determined record date. Currently, no record date has been selected for any future offerings under this Directed Share Program.
You can check this site periodically for updates and other important information regarding upcoming offerings in our ongoing Directed Share Program.
Wit Capital, an online investment banking firm, will continue to be the administrator of this Directed Share Program. To participate, you will need to open an account with Wit Capital with a minimum amount of $2,000, which is Wit Capital's minimum account balance. Current CMGI shareholders who may be interested in participating in the Directed Share Program can open an account with Wit Capital at any time at their web site affinity.witcapital.com.
Generally, the steps for participating in an offering under our Directed Share Program are:
Open an individual, cash account with Wit Capital, an online investment banking firm and sole administrator of the Directed Share Program, at their Web site, affinity.witcapital.com.
Watch for press releases at this web site, cmgi.com, and an invitation letter that will be mailed to your home or broker holding your shares of CMGI.
After receiving our invitation letter, register your account with Wit Capital for that offering under the Program, using the unique investor code supplied to you in the invitation letter.
Review the preliminary prospectus and place a Conditional Offer for shares if you are interested, following Wit Capital's instructions.
Reconfirm your Conditional Offer when asked to do so by Wit Capital.
If you are a CMGI shareholder and you think you might be interested in participating in a Directed Share Program, you may complete Step 1 now.
If you have questions about opening a Wit Capital account, please email:
cmgidsp@witcapital.com. |
