David, From what I gather, every fund, institution, etc. have their own criteria, whether it's a public policy of a fund or an internal guidline set by the head of a brokerage. There is most definitely a large percentage who use Nasdaq or exchange listing as a criteria that would prevent them from investing prior to such a listing. I guess my point was that a certain percentage of them would use the S1 acceptance as a threshold that once past, would allow them to invest.
As far as name of institutions, the only ones I've heard mentioned were the ones listed in last Friday's amendment to the S1.
NAME DATE SHARES CONSIDERATION
Triton Capital Investments, Ltd... 10/31/97 35* $ 350,000
Banque Edouard Constant SA........ 10/31/97 50* 500,000
Banque Franck S.A................. 10/31/97 75* 750,000
Elara Ltd...................... 10/31/97 150* 1,500,000
Ellis AG....... ............... 10/31/97 10* 100,000
JMG Capital Partners, L.P...... 10/31/97 35* 350,000
Lakeshore International, Ltd......... 10/31/97 150* 1,500,000
The Matthew Fund, N.V................ 10/31/97 35* 350,000
Here's the link to the full S1
freeedgar.com
Now I know why S1's take so long, it hurts the eyes to read all that!:-)
Evan |
