London Pacific Group - LPGL doubles... Message Board

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Non-Tech : London Pacific Group - LPGL doubles...

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To: rupert1 who wrote (199)	4/17/1999 4:02:00 PM
From: Jimbo Cobb	Read Replies (1) of 737

Victor...I think the 1.5 million shares is correct based on the SEC filing...I just pulled the 2.5 million from maven's post. 1 month would be the minimum time between filing and actual IPO....I was just giving a rough estimate, as I imagine they will try to get the deal to market pretty quick while folks still remember the quick move to $60 by Extreme Networks....not exactly the same business but it has "Networks" in the name and that is close enough for this market. Perhaps the best part of the RAMP filing for LPGLY in my opinion is simply the "2nd barrel" effect....often after a hot IPO, the "backdoor play" drops while the actual IPO keeps going up...perhaps some arbitrage here with folks shorting the "mother stock"...with a 2nd hot Internet IPO on the way from LPGLY's stable a month or so out, that should very much discourage any short-sellers from LPGLY and create some additional upward momentum after what should be a HUGE IPO in NETP.... Again, if InterNUTS continue to see a big correction, all bets are off, but LPGLY in the 20's with 2 big Internet IPO's on the way seems like a no-brainer to me... Jimbo.

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