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n fact FBNA lost a chance to make a major purchase because their IPO is set at $1.
Ah, Michal--
I see that you, like so many, are willing to pay heed to baseless rumor and innuendo.
TED asked us, Scruem & Leevum, to act as FBNA's lead underwriters in (almost) full consciousness of the fact that we will do our very best, that we will deliver this stock to a market hungry for hot IPOs.
IF you had been paying any attention at all, you would realize that the price range for the offering has already been raised several times, and that this news has been leaked to the press in an effort to create the impression of huge demand. We had "originally planned" to offer at 12-14, then upped to 14-16, and now, with the news of the prestigious Mitre listing, feel confident that we can, Saddam willing, venture into the 17-19 area.
You underestimate S&L's knowledge and experience, Michal, and evidently you set little store by your own options, eh? I have mentioned the amazing disappearing toner in earlier posts, have I not?
Janice
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