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Posted On: 04/29/2021 12:52:10 PM
Post# of 36568
Hylander,
Yup, thanks for clarifying my point:
“And why the 90 day hold?” “What do you think will happen if only 5% of the present NGIO stockholders can do a money grab, quick profit sell, of their FREE NGIO shares on the day of the IPO?”
So, when did Dawson James realize this could be a problem. What SEC hoops have to be jumped thru to insure that some broker (TDA, E*Trade, etc.) doesn’t allow the selling of dividend NGIO shares when they go live on the IPO day? What other possible catastrophes need to be accounted for before the IPO is official? My point is, IPOs are complicated I want to make sure that not only is there an IPO “bridge” to cross but it is safe and will not collapse while we are crossing it.
Yup, thanks for clarifying my point:
“And why the 90 day hold?” “What do you think will happen if only 5% of the present NGIO stockholders can do a money grab, quick profit sell, of their FREE NGIO shares on the day of the IPO?”
So, when did Dawson James realize this could be a problem. What SEC hoops have to be jumped thru to insure that some broker (TDA, E*Trade, etc.) doesn’t allow the selling of dividend NGIO shares when they go live on the IPO day? What other possible catastrophes need to be accounted for before the IPO is official? My point is, IPOs are complicated I want to make sure that not only is there an IPO “bridge” to cross but it is safe and will not collapse while we are crossing it.
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