IDT *(idtc) following this new issue?* Message Board

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Technology Stocks : IDT *(idtc) following this new issue?*

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To: Secret_Agent_Man who wrote (3221)	3/30/1999 11:18:00 AM
From: David Wise	Read Replies (1) of 30916

No IPO mentioned this time in Consent Solicitation. Compare this to original press release where "private or public" sale of equities was mentioned. Be honest with yourself and you'll notice "significant investors" are mentioned as taking an equity position in Net2Phone. I warned all along that "private or public" usually ends up "private". You'll also notice that the price was increased for the bond buy-back - from $10 to $20, or $1010 to $1020. This means nothing. It's standard practice and experienced investors understand. You can look at CTI for a parallel situation, except no one ever claimed they are considering an IPO. They are doing the consent solicitation to invest in another company. CTI has also extended about 3 times (the solicitation). I think they're offering $25 per $1000. IDTC is a good company to hold. I'm just annoyed by hypsters.

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