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Non-Tech : Wit Capital - The way of the future? -- Ignore unavailable to you. Want to Upgrade?

To: Todd N who wrote (847)3/24/1999 9:04:00 PM
From: Nandu  Read Replies (5) | Respond to of 16809
 
I have to disagree with Jimmy on that. My understanding is that you have to have at least $1000 cash in your account to get an allocation. The rest you can wire in by settlement date. If you want ABTL, which looks like pricing tomorrow night, make sure you have at least $1000 cash sitting in the account by tomorrow evening.



To: Todd N who wrote (847)3/24/1999 11:29:00 PM
From: mod  Respond to of 16809
 
No, they will not give you any shares if you don't have $1,000 cash in your account for each IPO the day it prices. You can pay the balance by settlement date, but need the $1,000 to get shares allocated.

There have been scattered exceptions reported, but most people without enough cash don't get shares.


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