SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : CMGI What is the latest news on this stock? -- Ignore unavailable to you. Want to Upgrade?


To: LarryCPA who wrote (11300)6/30/1999 9:33:00 PM
From: Winter  Read Replies (1) | Respond to of 19700
 
> Wit customers will be in but not with the 600,000 shares

Right, I was also just reviewing the prospectus and noticed that 300k shares will be offered to business partners of Engage and 300k to employees of Engage as well. I wonder how many shares Wit will get allocated for their regular account holders, the whole IPO is only 6million and I'm sure the 3 underwriters are going to want the majority of the remaining 4.8million for their customers.

>>Also I think that there are 65,000 shareholders in CMGI. If even 1/3 of the shareholders are eligable and open their accounts the odds are 1 in 3 that anyone will get any.<<

Hmmm thats interesting and encouraging since I think the number of people who went through the pain of opening a Wit account is probably less than 1/3 (just a guess) - this may end up being an even crapshoot for us. Where did you get the 65k shareholder figure?