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To: HoodBuilder who wrote (499)11/23/1998 9:12:00 PM
From: CanynGirl  Respond to of 1634
 
Wit Capital Corporation is pleased to announce that we are able to offer a participation in the Initial Public Offering of uBid, Inc., lead managed by Merrill Lynch & Co., as described below:

Issuer: uBid operates an online auction for excess merchandise, offering close-out and refurbished products to consumers and small to medium-sized businesses.

Security: Common Stock

Expected Size of Offering: 1,580,000 shares

Expected Price Range: $13.00 to $14.00

Expected Symbol: UBID

Managing Underwriters:
Merrill Lynch & Co.
William Blair & Company

If you think you may be interested in this Initial Public Offering available through Wit Capital, please go to witcapital.com

You may also obtain a prospectus by calling Wit Capital at (888) 494-8227 ext. 4427 or by writing Wit Capital at: 826 Broadway, 6th Floor, New York, NY 10003.

A REGISTRATION STATEMENT RELATING TO THESE SECURITIES HAS BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION BUT HAS NOT YET BECOME EFFECTIVE. THESE SECURITIES MAY NOT BE SOLD NOR MAY OFFERS TO BUY BE ACCEPTED PRIOR TO THE TIME THE REGISTRATION STATEMENT BECOMES EFFECTIVE. THIS COMMUNICATION SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THESE SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF SUCH JURISDICTION.

NO OFFER TO BUY THE SECURITIES CAN BE ACCEPTED AND NO PART OF THE PURCHASE PRICE CAN BE RECEIVED UNTIL THE REGISTRATION STATEMENT BECOMES EFFECTIVE, AND ANY SUCH OFFER MAY BE WITHDRAWN AND REVOKED WITHOUT OBLIGATION OR COMMITMENT OF ANY KIND, AT ANY TIME PRIOR TO NOTICE OF ITS ACCEPTANCE GIVEN AFTER THE EFFECTIVE DATE. AN INDICATION OF INTEREST IN RESPONSE TO THIS ADVERTISEMENT WILL INVOLVE NO OBLIGATION OR COMMITMENT OF ANY KIND.

Wit Capital Corporation is a Member NASD/SIPC



To: HoodBuilder who wrote (499)11/23/1998 9:24:00 PM
From: Tom Hua  Respond to of 1634
 
Michael, yes I will, but I'm also boxing them as I go. When UBID opens, it may be hard to find MALL shares to short and upticks may be few in between.

Regards,

Tom