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Non-Tech : DRIPs -- Dividend reinvestment plans

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To: asb who wrote (153)2/5/1997 8:58:00 AM
From: Michael W. Brom   of 263
 
To All:

I called the new on-line broker that selected me to participate in their pilot program. As I mentioned, part of the agreement is that I agree NOT to share any information with other investors so that they call up and try to participate in the offer, HOWEVER, when the pilot program has concluded, I PROMISE to share this with you, my fellow DRIP investors.

Here's what I found out: NO minimum required to open an account (great for those of us just getting started), a flat $10 trade on ANYTHING, $5000 required to open a margin account, and they will write securities in the "registered shareholder's" name for FREE...It looks like I hit the jackpot. I just wish I could share the info with you guys...The company also has a checking account and banking service division and will pay credit card payments FOR YOU via their online service.

Oh, btw, the first stock trade is FREE. I'd be stupid not to take advantage of this pilot program. I'm looking at Medtronic, Equifax, Schwab, General Electric, and any other stock you guys feel I should look into.

I apologize for not being able to get you guys into the program, but as soon as the company goes public, YOU will be the first ones to know, PROMISE!

Michael
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