BACKDOOR, an IPO> IDTC,BRKT,BNYN,KLOC,NAVR Message Board

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

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To: DAVID C. DeANGELIS who wrote (508)	4/12/1999 8:45:00 PM
From: xcr600	Read Replies (1) of 954

Another backdoor play. Here is a copy of my post on another thread. a pick of mine I was working on today was 'leaked' before I had accumulated my full position. Company is LPGLY (London Pacific and Annuity) They are another backdoor type play for ipo's. They have 15% stake in the Net Perceptions ipo due next week. Also currently hold 1.38mln shares in NETG, and none were filed for sale in NETG's most recent s-1. Float is small, co if profitable (earned 1.85/adr), yield is 6% as well. Co most recently changed it's accounting to a mark to market, hence book value of stock is now $23.44 Mr Treuger (Chairman) would not elaborate on further holdings. We're still working on more dd, but co is rumored to hold other inets as well. Check it out. I see 35 or so by next week. x 127.0.0.1:3456/SI/~wsapi/investor/reply-8867214 p.s. one ADR share = 4 shares LPG.L common (and thanks Christian)

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