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Technology Stocks : Information Architects (IARC): E-Commerce & EIP -- Ignore unavailable to you. Want to Upgrade?

To: Jeffrey S. Mitchell who wrote (3876)	12/29/1997 6:57:00 PM
From: tech	Read Replies (3) \| Respond to of 10786

Jeff, Reg. D offering can be done in a non dilutive way, and a lot more information is provided giving the shareholders a clear picture of who is doing what and when. What CSGI did or did not do doesn't change the fact that the Reg. S offering ALYD did with CHASE was a slap in the face of investors. WHAT YOU KEEP SKIPPING OVER If a company does a Reg. D and requires those shares to be registered before the are sold, the investors get a clear picture of what is going on. Since Reg. S. shares are not registered you have no clue when they will be sold, or who the parties may be. Lets take ALYD's last Reg. S. at $15.00 and look down the road a little. Okay, it is now Feb. 12 and ALYD's stock price is at $25.00 On Feb. 13 I see a registration statement regarding those 150,000 shares sold at $15.00. Once I see who is registering the stock I can try to do some due diligence to see if they are a potential seller or how much they plan to sell immediately. In either case, I know who it is and that there is possibly going to be a seller coming in. Now compare this with the Reg. S. 1. You have no idea when the shares will be sold. 2. You have no idea who the seller is 3. You have no warning that there may be a seller coming in. A Reg. S throws a dark blanket over the eyes of the investors at the benefit to Reg. S. holder. I hope that if ALYD decides to do other offerings, they will do them in a manner where the shares are registered before they can be sold.