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Technology Stocks : Log On America, Inc. LOAX
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To: Glenn Petersen who wrote (77)4/28/1999 9:06:00 PM
From: Sammy Adams  Read Replies (1) of 353
 
LOAX closes @ 31, down 5.3% ; since it will soon be shortable in the U.S. its a good time for IPOers to sell off those 100 share lots and collect their profits before they disappear (or cut your losses if you bought high).

From todays News Release:

PROVIDENCE, R.I.--(BUSINESS WIRE)--April 28, 1999--Log On America,
Inc. (NASDAQ:LOAX - news) announced today that Dirks & Company, Inc., the
representative of the underwriter's of the Company's recent initial public offering, exercised its over-allotment option to
purchase an additional 330,000 shares of common stock. Gross proceeds from the exercise of the over-allotment
option raised an additional $3.3 million, bringing the total amount raised to $25.3 million.
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