Announcements : 1564


Announcements / 1564

Mega Bloks IPO —Erik Olson
I just read on the Bloomberg news wire that Mega Bloks, Inc. will IPO and list its stock as "MB" on the Toronto Stock Exchange. The underwriters are Merrill Lynch, Canadian Imperial Bank of Commerce, and National Bank of Canada. This is big news (...) (23 years ago, 22-Mar-02, to lugnet.announce, lugnet.off-topic.clone-brands) !!

	Re: Mega Bloks IPO —Ron Sedlmeyer
	(...) I wouldn't say it's a "very, very bad idea"...Just a very, very risky idea. This is worse than playing the lottery. You have a very small chance of winning big, and a very LARGE chance of losing all the money you invested. If you play the IPO (...) (23 years ago, 22-Mar-02, to lugnet.off-topic.clone-brands)

		Re: Mega Bloks IPO —Todd Thuma
		It's a shame that owning bricks cannot be considered owning stock in the company. My shares would be small, but there are those in the LUGNET community that would be the equivalent of Donald Trumps in the brick business. Todd (23 years ago, 22-Mar-02, to lugnet.off-topic.debate)

			Re: Mega Bloks IPO —Erik Olson
			(...) You mean they borrow vast sums of other people's money to buy pink bricks, then sweet-talk their way out of bankruptcy? (: It's a poetic idea, that taking care of our beloved bricks endow certain rights upon us... but alas, we shall be called (...) (23 years ago, 23-Mar-02, to lugnet.off-topic.debate)

		Re: Mega Bloks IPO —Mark Benz
		I remember reading that roughly 80% of IPOs drop to less than half their IPO price within a year. Generally, not a great investment, unless it was Microsoft. (...) (23 years ago, 24-Mar-02, to lugnet.off-topic.debate)

	Re: Mega Bloks IPO —David Gregory
	I have no idea what any of that means. Is a red herring what the Knights of Ni want us to chop down the Mightiest Tree in the forest with? And what does IPO stand for? I honestly got an A in my economics class a year ago, but I don't recall either (...) (23 years ago, 22-Mar-02, to lugnet.off-topic.clone-brands)

		Re: Mega Bloks IPO —Greg Howell
		(...) Hi David, Don't feel stupid about not knowing what those terms are. You have many more acronyms to worry about (like spud, burp and snot!) IPO stands for Initial Public Offering which is when a company decides to sell stock to the public with (...) (23 years ago, 22-Mar-02, to lugnet.off-topic.clone-brands)

			Re: Mega Bloks IPO —Gary Blessing
			Greg Howell <meowdammit99@hotmail.com> wrote in message news:GtED9H.MD5@lugnet.com... (...) Knights (...) what (...) ago, but (...) to (...) more (...) sell (...) done (...) to (...) lists (...) before (...) company (...) can (...) as (...) Thank (...) (23 years ago, 24-Mar-02, to lugnet.off-topic.clone-brands)

		Re: Mega Bloks IPO —Erik Olson
		(...) Hi, A "red herring" is the US term. Since it was made in Canada it might not be a red herring. It's a colorful name for the first public document describing the company's offering of securities. US law requires a big RED INK disclaimer on the (...) (23 years ago, 22-Mar-02, to lugnet.off-topic.clone-brands)

	Re: Mega Bloks IPO —Erik Olson
	To find the documents filed today on SEDAR (URL) large color PDFs) To find the news release (En/Fr) (URL) (23 years ago, 22-Mar-02, to lugnet.off-topic.clone-brands)

		Re: Mega Bloks IPO —Erik Olson
		Wow, there is some juicy information in the prospectus (80 pages) about the company and the construction toy "industry". Mega Bloks Inc is the new official name of the company since last Tuesday. They had 2001 sales of 150M and gross profit of 70M, (...) (23 years ago, 22-Mar-02, to lugnet.off-topic.clone-brands)

			Re: Mega Bloks IPO —Lester Witter
			(...) Interesting, they have negative shareholder equity. They do seem to be generating cash though Maybe we should start lugnet.off-topic.finance Any other MBA's out there? Lester (23 years ago, 25-Mar-02, to lugnet.off-topic.clone-brands)