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Non-Tech : International Heritage (IHIN)
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To: Gutterball who wrote (273)4/4/1998 12:37:00 AM
From: team1fla  Read Replies (2) of 454
 
This is an interesting thread and stock....enjoy reading it. I appreciate the responses from Dan and COB on the refunds. Enjoy Silents comments also....Lawerence and Paul, I know where your coming from although I am not an IHI rep.

I would like to talk about the stock for a minute. This is a question that knaws at me and I was hoping others could lend opinions.

Why was IHI in such a rush to have thier stock start trading. Why did they merge with a shell company and start trading on the OTCBB. The fact that they are even going to be traded on this exchange and have a low float is going to cause major volatility in this stock...Market Makers will have a field day. This will be a traders delight.

The reason I asked this question is because I was comparing it to one in particular...another MLM...Excel Communications. They started thier first day of trading on the "Big Board"(NYSE). I guess what I was wanting to know is why didn't IHI just wait and list on one of the major exchanges. What was the rush? Started trading right at convention time in New Orleans, I remember reading a post to that effect...major excitement of reps buying. CEO is a former stockbroker and knows the market... maybe a top money earner can ask him his strategy for taking the company public in this manner. Definitely got some publicity out of it.

To some this question may not even matter, but it's something I just keep pondering for some reason. May not even matter.

RH
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