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Afraid you're wrong. Take a look at the prospectus and look at the amount of
proceeds to selling shareholders and the amount to the company. I think you'll
find that each of the Cruz's took home more than $6 million plus a dividend of
an additional $5 million (each) that the company financed through the offering.
So the 2 brothers took out in excess of $22 million from the IPO.
Ron Augustine wrote:
> Not true! -- On any IPO, the shares held by the Directors, Owners, Officers,
> etc. are embargoed from being traded for anywhere from 6 to 18 months after
> the IPO date.
>
> 80% of the Omega Stock is privately held -- if you're tracking the big $$$
> losers, that's where you'll find them...
>
> ------------------------------------
> At 04:36 pm 1/6/98 -0700, you wrote:
>
> >BTW, don't overlook the fact that the original IPO at ~$11 included a
> >chunk of the Cruz boys' stock. They've already been to the bank.
> >
> >Allan
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