Command Systems, Inc. (CMND) Message Board

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Technology Stocks : Command Systems, Inc. (CMND)

CMND 0.198

+7.7%

3:59 PM EST

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To: Patrese who wrote (333)	4/29/1998 5:01:00 PM
From: Robert Floyd	Read Replies (1) of 1956

Cowen & Company and Volpe Brown Whelan & Company, LLC managed the offering. Aren't they suppose to do a valuation of the company before they release an IPO? How did they come up with the initial price for the offering? My point: they should have been aware of the points Steve Wilcox discussed in your recent post...they should not have been surprised. For the IPO, did they value the company primarily by presuming the future proposals would all come thru before now? If yes, since they were just proposals, placing so much weight on such a presumption would have been irresponsible. If not, on what did they base their growth rate assumptions and how did that change?

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