Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

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

To: Steve Misic who wrote (6671)	7/11/1999 8:06:00 AM
From: Bald Man from Mars	Read Replies (1) \| Respond to of 16809

<< How long does it take to open a account with Wit?>> sometimes it seems forever ...

To: Steve Misic who wrote (6671)	7/11/1999 12:31:00 PM
From: ChopChop99	Read Replies (1) \| Respond to of 16809

It took me over a month to open my first Wit account... And I was trying hard. I completed the online application, and at the end got a message saying that a Wit rep would contact me by phone. None did. I e-mailed countless times. I was able to get a fax to go through once without a busy signal. I tried to phone countless times over a month, but literally either got a busy signal or no answer for a solid month. And then one day while I was going through my daily re-dial ritual, the phone started ringing. After about 30 rings, the automated menu system answered. And after another mere 90 minutes, a human being appeared on the other end of the line. He was apologetic, said they were doing all they could do, took all my info by phone, and opened the account right then. I naively and excitedly entered a CO on ETYS, which had been posted for a couple of hours. (That was the first posting of ETYS, which was nullified when it was postponed.) I FedExed 'em a check for $2K, styled Chop dba Chop Industries (not really, but you get the picture) and waited. Two weeks later, the check came back, rejected for being a "corporate check" that could not be deposited into an individual account. I promptly wired the money directly from that same account, which was accepted without a problem. Now with that gloomy picture painted, let me tell you that it's not that way anymore. I've opened a joint account since then, and my wife has opened an individual account. Compared to the original experience, both of those went quite painlessly. If you'll call 'em at about 8:30 AM EST or about 6 PM EST at the 888-594-8227 number, you can usually get through to someone pretty quickly to get things straightened out. They were and still are experiencing terrible growing pains, but I truly see most areas improving daily. They also appear to follow their stated allocation policy, though it's still disappointing when the shares don't roll your way. All in all, I think they're a good company with a bright future. Chop