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Non-Tech : Wit Capital - The way of the future? -- Ignore unavailable to you. Want to Upgrade?


To: Keith Rosenblatt who wrote (4713)6/8/1999 11:15:00 AM
From: Sam Nizam  Read Replies (2) | Respond to of 16809
 
BWEB was not lottery. It was the last one posted before the lottery went into effect.



To: Keith Rosenblatt who wrote (4713)6/20/1999 9:25:00 PM
From: Richard N. Barg  Read Replies (1) | Respond to of 16809
 
Allocation question. If you have a subset of wit members, who:

1. Were sent allocation reaffirmation emails
2. Were all deemed to be equal from the standpoint of their IOIs by virtue of having responded by 12pm on the date stated in the IOI notice
3. None have flipped their accounts previously

Then if more notices are sent out that shares available, how does Wit allocate if there are more "I Confirms" than shares.

Possiblities:

1. By the ordinal position of the random number that was generated (lower numbers win)
2. By the time date stamp on the original IPO IOI (this would seem to be against their new policies)
3. First come first served based on when you emailed your I confirm.