[Liz]

..................ping........ ............

[rohry]

Thanks for the ping. I already knew much of how the IPO system worked. I had CNBC on (for background noise) while I worked throughout the great runup in 1998-2000. I kept seeing insiders get preferential treatment as the various companies' stock went from 15 to 280 (or whatever). On the stocks susequent plunge, many of those people were allowed to sell (like our buddy Terry). This was a continuation of the cattle futures scam, make a fortune with no downside risk.