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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes
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To: Joe Copia who wrote (8482)4/18/1998 10:21:00 PM
From: E  Read Replies (3) of 34592
 
The first chance at IPO shares go to whatever clients of the brokerage participated in the private placement. If there are some left of a promising IPO after this, the house divides them up among their brokers, who reward their best clients with as many as they can get for them. This is my experience.

I suppose since it's the broker's discretion, if you were willing to open an account and could convince a broker you would become a good client, you would have some leverage.
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