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Technology Stocks : BACKDOOR, an IPO> IDTC,BRKT,BNYN,KLOC,NAVR

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To: Rock_nj who wrote (394)	3/3/1999 10:21:00 PM
From: Glenn Petersen	Read Replies (1) of 954

It is going to be at least 60 days from the filing of the initial S-1 before NetRadio completes its IPO. The SEC has 30 days to respond with comments on the initial filing and they use every one of those 30 days. The company then has to respond to the comments by either making the changes requested by the SEC or by defending their positions. The next step is for the company to file an amended S-1 and wait for additional comments. It is not unusual for a company to have as many as three or four amendments. This can be time consuming. Check the SEC filings of some recent IPOs and you will be able to verify this timetable.

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