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Microcap & Penny Stocks : Tech Squared (TSQD)- Internet Commerce

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To: Gary H who wrote (1847)8/11/1998 11:39:00 AM
From: William R. Morris  Read Replies (5) of 2752
 
Gary H - The last time I called BT they told me the price was 8.50 but they could not or would not tell me when it would start trading.

I think they had to drop the price (to keep demand strong) when the negative market factors became obvious. They are probably waiting to begin trading when prices in general are more likely to move up or at least be stable. This is assuming that the distribution at 8.5 has actually happened. Has anyone had their DRIV order confirmed? If the distribution has not happened they might be able to postpone the IPO. I am certainly guessing here. I am holding on for now because I think that TSQD is undervalued based on their DRIV option. Based on the valuation models that this list has been using with DRIV at 8.5 TSQD should still be worth around 4.5 - 5.
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