To: John Carragher who wrote (11525 ) 7/7/1999 8:53:00 PM From: murthy Respond to of 19700
I received these emails from WIT. So far I am satisfied. I even got the check book. I had sent in my application on 25th June by priority mail. ==================================================================== >From: engagestatus <engagestatus@witcapital.com> >Subject: CMGI Directed Share Program Update >Date: Wed, 7 Jul 1999 20:34:36 -0400 > >Thank you for your interest in the CMGI Directed Share Program for the >Engage Technologies, Inc. Initial Public Offering ("IPO"). We want to take >this opportunity to give you a quick update about the program and to thank >you for your patience with this pilot program. > >As we indicated in our email to you on Friday, July 2, 1999, the cut-off for >accepting registrations and account applications online was Friday, July 2, >1999 at 5:00 pm EDT. Those of you who have registered at the website >http://affinity.witcapital.com/engage but had difficulty in opening an >online account with Wit Capital will still be able to participate in the >program and Wit Capital account representatives will be available to provide >assistance should you need it. Please note that we have added significant >staff specifically to handle requests for this program. If you have >questions please e-mail engage@witcapital.com > >Many of you successfully opened your accounts online and signed and mailed >your accompanying documentation and checks and your accounts are currently >being processed by Wit Capital. We noted in our original FAQs that we >expected applications to be processed and funds to be posted within three >business days of their receipt. However, please note that due to the >volume of accounts being opened in conjunction with this program and the >holiday weekend, you may find a slight delay in the account information >being posted. Unless you are contacted by Wit Capital, you need not take >any further action at this time. > >Please note that you will not be able to view your initial account deposit >until approximately 48 hours after it has been processed. We will send you >an email once we have processed your deposit. Do not be concerned if you >cannot view the deposit online as this will not prevent you from placing a >conditional offer. > >We expect to deliver the preliminary prospectus via e-mail with a hyperlink >and to begin accepting conditional offers on the evening of July 8, 1999. >Please note that we expect to continue accepting conditional offers, on >equal standing, until July 16, 1999. Therefore, if your account is in the >process of being finalized, you still have over a week to place a >conditional offer. The deal is anticipated to be declared effective and to >be priced the week of July 19, 1999. > >Some of you will hear from Wit Capital specifically as it relates to the >status of your account application. In advance of these emails, two >recurring items are worth addressing. The issue and the respective required >action are noted below. > >Problem/Item: Incomplete or Missing Joint Account Agreement > >Required Action: You are still eligible to participate in the Engage >Directed Share program, but please follow the directions in the related >email you will be receiving from Wit Capital. > >Problem/Item: Indicated "No" for interest for speculative investments > >Required Action: As investments in IPOs are deemed to be speculative in >nature, you must indicate that your investment objectives include >speculation. If you have checked "no", you will receive an email asking if >this was your intent. Please respond accordingly. > > >Before the week of July 19th you may receive e-mail notices from Wit Capital >regarding other IPOs. Please note that ONLY the Engage Technologies, Inc. >IPO is associated with the CMGI Directed Share Program. If you wish to >participate in these other IPOs you may use the account that you have >established for the CMGI, Inc. Directed Share Program. Should you >participate in these other IPOs you will be subject to the same rules and >procedures as other Wit Capital customers, which may be found at Wit >Capital's homepage at witcapital.com . Please note that this >account will need to be fully processed and funded to participate in all >IPOs. The number of shares that may be allocated to you for any IPO will >depend on the number of shares Wit Capital receives from the lead manager >and the total demand for shares from Wit Capital accounts that have placed >conditional offers. > >