f423ibipo - UNIVERSITY OF ROCHESTER William E Simon...

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UNIVERSITY OF ROCHESTER William E. Simon Graduate School of Business Administration Finance 423 Professor G. William Schwert Spring 1998 Information from Dow Jones News Retrieval About Indian Bingo IPO AN WJ7100067832 HD INITIAL STOCK OFFER CARRIES HIGH RISK, INDIAN BINGO WARNS PD 07/01/83 SN Dow Jones News Service-Edited Wall Street Journal Stories CY LP TO HEAR INDIAN BINGO INC. TELL IT, PROSPECTIVE INVESTORS SHOULD THINK CAREFULLY BEFORE DECIDING TO SHELL OUT $1 A SHARE FOR THE COMPANY'S PROPOSED INITIAL PUBLIC OFFERING OF FIVE MILLION COMMON SHARES. INDIAN BINGO SAYS IN A PRELIMINARY REGISTRATION STATEMENT FILED WITH THE SECURITIES AND EXCHANGE COMMISSION THAT IT WANTS TO GET INTO THE BUSINESS OF OPERATING BINGO GAMES ON INDIAN RESERVATIONS. BUT INDIAN BINGO POINTS OUT THAT THE COMPANY WOULD BE A "HIGH-RISK" INVESTMENT. AMONG THE REASONS: THE COMPANY IS A MONTH OLD, SUCH BINGO GAMES MAY BE HELD ILLEGAL, THIRD-PARTY STUDIES OF SUCH ACTIVITIES HAVEN'T
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This note was uploaded on 03/03/2010 for the course FIN 423 taught by Professor Schwert during the Spring '08 term at Rochester.

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f423ibipo - UNIVERSITY OF ROCHESTER William E Simon...

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