Independence Savings Bank (ICBC) Message Board

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Non-Tech : Independence Savings Bank (ICBC)

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To: A. E. who wrote (81)	3/16/1998 8:59:00 AM
From: gambler2	Read Replies (1) of 246

Hello everybody, boy does this suck. I have never in my life in all allocations that I have seen, witnessed something that is so pathetic. 166 shares per $1000 on the average, that stinks. To you out there that find discrepincies, there was an article in the NY Times that quoted the president as saying that smaller investors, people that had less money in the account were going to get a slightly better allocation. I had $2100 dollars in one account and got 450 shares. $9500 in another account and got 1675 shares. That report on Friday said it will be about .166. That seemed to of held true. My questions is if they mailed the checks back to us on Thursday, ( I received it Saturday), why couldn't they tell us Thursday or Friday morning the allocation, obviously they had it. Also, what took them so long in the first place? I mailed out for another bank that was due in March 6, by March 9th the check was cleared and by the 14th I had a letter confirming my order. I'm sure Independence made alot of money holding all our money for so long......I hope they will go tomorrow as they claim or knowing them they'll probably go in June.....

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