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Non-Tech : DRIPs -- Dividend reinvestment plans

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To: Michael W. Brom who wrote (149)2/4/1997 2:04:00 PM
From: Michael W. Brom   of 263
 
To All:

There's a new online broker that will purhase any number or shares at any price (an extra fee if stocks are <$5), but all purchases are $10/trade, and no specific minimum is required to open an account. This looks like a nice opportunity for DRIP investors, however, it's a pilot program and one of the conditions of the program is that I can't divulge the company until the pilot portion is over. I will keep you posted. I am waiting to find out if any extra fees are applied to putting a security in "registered shareholder" form. TBContinued...

Michael
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