Socket Communications (SCKT) Message Board

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Microcap & Penny Stocks : Socket Communications (SCKT)

SCKT 1.100

+1.9%

Nov 7 9:30 AM EST

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To: KLN who wrote (795)	5/11/2000 12:13:00 PM
From: J L Segal	Read Replies (1) of 932

Interesting e-mail from SCKT CFO, indicating that institutional interest is waiting on the sidelines for NASD listing: (also, note that Morgan Stanley is the only major firm to allow SCKT to be marginable, so far. IMO, this says quite a bit & is somewhat of an endorsement by them - nice to have the confidence of such a highly respected and conservative firm): ragingbull.com The following is an email exchange between me and Dave Dunlap, CFO at Socket regarding nasdaq listing: Dear Michael, Probably the largest benefit from moving to the Nasdaq National Market Exchange is in leaving behind the many rules and practices that have been established by the brokerage industry that tend to limit trading in Bulletin Board stocks. Many institutions have rules prohibiting or limiting investment in Bulletin Board stocks, top tier investment banking firms seldom cover bulletin board stocks and absent that research, most brokerage firms prohibit their brokers from telling their clients about us. Margining (borrowing against owned stock) is often limited or prohibited although at least one major brokerage firm (Morgan Stanley Dean Witter) has approved Socket's common stock for margining. On the other side of a Nasdaq listing, look for us to attract top tier analyst coverage and increasing institutional and broker support, all of which builds broader investor interest and increases shareholder value over time. Best regards, Dave Dunlap, CFO

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