Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Microcap & Penny Stocks : BANY: Core business growth, exciting affiliations! -- Ignore unavailable to you. Want to Upgrade?

To: thomas odonoghue who wrote (3422)	12/2/1998 1:17:00 PM
From: brad greene	Read Replies (1) \| Respond to of 5847

thomas, I don't think it is an IPO at all. There is no underwriter....no way you can call up your broker to get those shares prior to trading....at any price. Call up Sitra and ask to buy 5,000 shares at $5.00 from the IPO shares.....He will tell you to contact your broker and get your order in for the first day. There will be several Market Makers that will be happy to take orders.....I'm sure. Heck.....MMs are checking the situation out now too. That may be why they are willing to let BANY climb. They may not want to short into this because there may be value being created that will make covering later at lower levels unrealistic. I think Anything Internet it is a company that is going public......with all of the shares already distributed. MMs have some to make the market....Insiders have a load....and folks who will get their dividend shares will have the rest. It will be an interesting first day.....for sure. The "public" can have their brokers contact the MMs and place an order for the first day.....I would assume that the MMs will look at their order books.....evaluate the situation....and open the stock where they think the market will be. They may part with some of their shares.....or raise the price to where dividend holders begin to lighten up. That's a market. Very cool. Again....it brings us back to the question of what is Anything Internet worth. Must go to work....see you guys later. bg