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Technology Stocks : WorldGate Communications, Inc. (WGAT)
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To: art slott who wrote (213)5/26/1999 5:27:00 PM
From: John F Beule  Read Replies (2) of 589
 
You are most likely reading what is called a tombstone. It is what the underwiters list their offers of solicitation as. This issue has already gone public, that is, the shares have already been sold to the general public (about a month ago). WGAT is now trading its shares over the Nasdaq system which matches buyers and sellers in a free market system. It has no variance on how much WGAT has raised in dollars because they sold those shares to the underwriters at $21. There are no "new issuances" of this stock.

Hope this helps!
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