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.
Non-Tech : Wit Capital Group Inc - (Nasdaq - WITC) -- Ignore unavailable to you. Want to Upgrade?


To: Henry Volquardsen who wrote (785)8/5/1999 7:28:00 PM
From: Mohan Marette  Read Replies (1) | Respond to of 845
 
Is WIT getting larger share allocation these days? It appears so.

Henry,

I don't any of you noticed this but WIT is getting larger allocation of shares these days,they used to only get between 50K-100K before but lately I am seeing +400K allocation.

Any idea how much they get for underwriting? I thought it was close to a buck a share or something if I am not mistaken,is it so? Well then I ran into this as an example,it appears underwriting fee on this particular one was about .19/share,don't know what the others are.

news.com
Granted these two turned out to be pos but still,wonder whether they will get the same on the good ones,tried to get the info on ICGE but I don't see nothing yet.

Message 10818500
Message 10842089



To: Henry Volquardsen who wrote (785)8/6/1999 8:18:00 PM
From: Mark Davis  Respond to of 845
 
Didn't get the name, and didn't give mine. Would not reveal it anyway, as I'm not in the mood to cost anyone their job.

Just a heads up, that really stupid stuff is said where you'd think it would not be. If some weak minded soul hears nonsense like that and loses money because of it, then goes ahead and files a lawsuit, well.....

There are many things at WIT that are not professionally handled, and it's getting late in the game to get it right. We put up with it because of the IPO angle, but that seems to be drying up as well. At least in the short run.

My patience wears thin.