Word: prospectus
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Dates: during 2000-2009
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...software-systems integrator or a property investor?" asks Internet analyst David Webb, publisher of Webb-site.com He says the office-space purchase deal represents 40% of the IPO proceeds and violates Timeless' prospectus, which pledges to allocate funds raised to working capital. Cheng defends the deal. Still, the market needs convincing. On the first day of listing, Timeless stock peaked at 99[cents]. But by the end of last month, it was down to 71[cents...