Addendum: NDTC posting

Doug Bailey (
Fri, 28 Aug 1998 17:38:22 -0400

One thing I should have mentioned in my original posting is the fact that NDTC's current offering is not technically a IPO but a DPO. The direct public offering is offered to individuals in one state under a special SEC exclusion that allows them to save money on the front end. Unfortunately, if you are not a resident of the State of New York you can't participate in the DPO.

The proceeds from the DPO (US$ 1,000,000) are being used to fund the development of a video to support the much larger IPO that should take place in 1999. The IPO will be open to any and everyone.

If you're crafty you might set up a trust in New York to purchase stock in the DPO but I'm not savvy enough in securities law to determine whether that would fly with the SEC.