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


To: ChopChop99 who wrote (4853)6/14/1999 5:34:00 PM
From: Michael Calderon  Respond to of 16809
 
And some nice money behind it (courtesy of Hoovers):

A host of venture capital firms (Kleiner
Perkins, Trident Capital Management, Technology
Crossover Ventures, and Mohr, Davidow Ventures)
own a stake in Viant.



To: ChopChop99 who wrote (4853)6/14/1999 5:36:00 PM
From: hookbull  Read Replies (1) | Respond to of 16809
 
Just want to point out that only 3.0 Million shares are offered.



To: ChopChop99 who wrote (4853)6/14/1999 6:21:00 PM
From: ChopChop99  Respond to of 16809
 
Response from Wit on margin question...

I wrote:

Dear Wit:

When do stocks acquired during IPOs become marginable stocks? I've had both FCST and NETO for over a month, yet still show $0.00 marginable stocks on my "Balances" page.

I know that I opened a margin account, because I remember sending in the $2K instead of $1K because that was the minimum for a margin account at the time I signed up.

Wit replied:

Thank you for your inquiry.

Most new issues become marginable after 30 days. I will send your
request to the Margin department.