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LinuxStockNews: Rants and Raves - QuintaLinux (July 17, 2000)

Jul 17, 2000, 11:51 (0 Talkback[s])


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"Over the past few weeks I received a number of emails from management of a company called Quintalinux (proposed symbol NASD: QLNX) indicating that the company had filed a prospectus with the SEC and is intending to go public in mid- to late-July. After a number of difficulties in finding the prospectus, a link was provided to me to take a look at. The company is looking to raise $24 million at $8.00 per share and list on the NASDAQ National Market. The Linux side of this company's business is definitely start-up and investors are cautioned to do their own due diligence."

"First and foremost, I can tell you that the prospectus will not be found on EDGAR. I did not realize it, but foreign companies are not required to file a prospectus in an electronic form..."

"This web site is run by the Vice President of Sales at Barron Chase Securities, the sole underwriter of the deal. Barron Chase is a small investment house that has underwritten a number of smaller deals over the past two years. I looked at a few of the firm's underwritings and found that it hit a home run on Qiao Xing Universal Telephone (NASD: XING) while most of its other deals were down or flat."

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