frankly, if i was presented 200 pages, i would quickly -- evelyn wood would be proud of me. but when you have these road shows, when you have this process of iteration that these prospectuses ultimately are very, very useful, i presume. that accurate? >> i think so. i tell my students in ipo and venture capital class you get more information when a company does an ipo than any other time there is so much in the prospectus. when we go through case studies, we'll go through the risk factors and they'll have stories and extra detail. you find out a lot more about how the company does business, how the model works from all of that detail disclosure. and you don't necessarily have to read all of it, but you can look through and look for what you need and hopefully it's there. so i think that's very important. i would hate to see us losing that. >> ms. buyer, your comments? >> yes, as an institutional investor, would we read the prospectus cover to cover prior to meeting with the company so as to be able to use the meeting time most effectively there is a tremendous amount of info

information is not just gratuitous or ignored, and if i was presented 200 pages i would quickly, evelyn woodld be proud of me, but when you have these road shows, when you have the process of reiteration that prospectuses are assumed. >> you get more information with a company's ipo than at any other time. there's so much in the prospectus. you go through the risk factors and stories in extra detail and you find out how the company does business, how the model works from all that disclosure. you don't have to read all of it, but you can look through it and find what you need and hopefully it's there. it's there, and i hate to see us lose that. >> ms. buyer, your comments. >> you read the prospectus cover to cover prior to meeting with the company to be able to use meeting time most effectively. there's a tremendous amount of information available, and, yes, it's written sometimes in arcane form, but it's tremendously important and it brings about a question about the jobs act, and, of course, people now -- investors have less time to study the prospectus knowing it can be filed confidently.

frankly, if i was presented to hundred pages -- evelyn wood would be proud of me.se road shows, when you have these processes of deliberation, the prospectuses are very useful, i presume. is that accurate? >> i think so. i tell my students in my ipo and venture-capital class that you get more information when a company ipos than any other time. they will go through risk factors, extra detail -- you find that a lot more about how the company does business, how the model works, from all the disclosure. you do not necessarily have to read all of it, but you can look through it, and hopefully it is there. i think that is very important. i would hate to see us listen that. >> your comments. >> and institutional investor would read the prospectus cover to cover prior to meeting with the company so as to use the meantime most effectively. there is a tremendous amount of information available. it is written sometimes in arcane form, but it is tremendously important. it brings of information about the jobs that. investors have less time to study the prospectus, given that t