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Technology Stocks : (LVLT) - Level 3 Communications
LVLT 53.630.0%Nov 1 5:00 PM EST

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To: Don S.Boller who wrote (1671)2/23/1999 11:36:00 PM
From: SteveG  Read Replies (2) of 3873
 
<..course we all know that a secondary offering has been filed...>

20 million shares are coming to market next week - SSB is involved, and the deal seems to be a hard sell, as retail is being heavy handedly told no flipping and that accounts will be checked for compliance MONTHS later. NOT a good position for clients to be in.

Also, at least 25% is "non-dilutive" registration selling:

biz.yahoo.com

ps, on the day next week the secondary is priced, it'll be priced at a slight discount to the previous day's closing price (which obviously could be higher or lower than here)
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