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Technology Stocks : BACKDOOR, an IPO> IDTC,BRKT,BNYN,KLOC,NAVR
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To: drakes353 who wrote (734)5/23/1999 4:27:00 PM
From: Frost Byte  Read Replies (1) of 954
 
Last time FNHC did a private placement, their stock went from $2 to $18 within a month. They were able to raise $13mm from a previous investor within a matter of days...unlike a public offering which would have taken about 6-8 weeks.....rumor has it on other boards that they raised the cash fast in order to pay for a big portal deal/marketing alliance, but that is pure speculation.
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