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To: Gary H who wrote (1847)8/11/1998 9:14:00 AM
From: James Mitchell  Respond to of 2752
 
They're not going to want to wait too long, to avoid a repeat of the COOL situation. Must admit there are an awful lot of "distractions" surrounding this IPO, but feel DRIV will do handsomely in the long run.

I usually like it when the S&P starts down. I've seen so many days where it finishes strong.



To: Gary H who wrote (1847)8/11/1998 9:16:00 AM
From: krab  Read Replies (1) | Respond to of 2752
 
FYI
I just talked to Bear Stearns and they informed me that DRIV was priced at $8.50/share..
The stock can only trade today if the SEC deems this effective.
Of course this info is deemed reliable by me because I actually heard it,but as usual I can't guarantee the person who told me knows what they're talking about.
Personally I hope the SEC doesn't do anything so the stock doesn't trade today in such a rotten opening market!!!!!



To: Gary H who wrote (1847)8/11/1998 11:39:00 AM
From: William R. Morris  Read Replies (5) | Respond to of 2752
 
Gary H - The last time I called BT they told me the price was 8.50 but they could not or would not tell me when it would start trading.

I think they had to drop the price (to keep demand strong) when the negative market factors became obvious. They are probably waiting to begin trading when prices in general are more likely to move up or at least be stable. This is assuming that the distribution at 8.5 has actually happened. Has anyone had their DRIV order confirmed? If the distribution has not happened they might be able to postpone the IPO. I am certainly guessing here. I am holding on for now because I think that TSQD is undervalued based on their DRIV option. Based on the valuation models that this list has been using with DRIV at 8.5 TSQD should still be worth around 4.5 - 5.