Independence Savings Bank (ICBC) Message Board

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Non-Tech : Independence Savings Bank (ICBC)

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To: ssaq who wrote (85)	3/17/1998 10:20:00 AM
From: SCOTT SMITH	Read Replies (1) of 246

Allocation was based upon the record date of your balance, you could actually have added or taken out from that date, the dollar allocation is linked to the record date only. Independence has issued a press release 3/13, you would have had needed $300,000 on record date to get 50,000 shares. I only got 35% of the funds on record date, i plan to buy more at the secondary market, if like SIB it should rise, then fall and then go steady and then continue an upward course. Also, should be just like roslyn bank. I recommend holding the stock for a minimum of 18 months to pay the least amount of taxes. By then the stock should be if like SIB and Rosyln, be in the mid 20's, not bad for 100% rise. Scott

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