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To: Gangyi Feng who wrote (1311)11/5/1997 11:58:00 AM
From: JJB  Respond to of 60323
 
Don't think $28 is actual offering price.Real time at 29 15/16 ask 11:53am est



To: Gangyi Feng who wrote (1311)11/5/1997 12:03:00 PM
From: steve berman  Read Replies (2) | Respond to of 60323
 
I believe the $28 only represents an estimated price, based on somehow on the price at the time of the registration filing. If memory serves me from other companies' secondary offerings, this estimate does mean that the offering will be done at this price, but rather, is only used for purposes of calculating filing fees.

Can anyone confirm this?



To: Gangyi Feng who wrote (1311)11/5/1997 1:05:00 PM
From: Michael A. Gottesman  Read Replies (1) | Respond to of 60323
 
The price in the registration statement of slightly over 28/share is just for the purposes of determining the registration fee that is paid. Actual offering price can vary and will be close to or at market.


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