Looks like Mr. Bramsom bought 400,000 shares as bait to fool and trick investors into believing that something good was about to happen. It appears that he used it as a foil to unlead 2.5 million shares and his rich buddies unloaded alost 7million shares. I had strongly considered this possibility when I unloaded my shares. If this is correct , this is shmeless and criminal manipulation.
Hope my analysis is wrong. If so, can anyone explain?------------------------------------------------------------------------------------------------------------------------
Here are the recent sales.
SELLING SECURITYHOLDERS
The following table sets forth certain information with respect to the
Selling Securityholders as of January 9, 1997. Except as indicated below, all of
the Securities beneficially owned by each Selling Securityholder are being
registered for the account of such Selling Securityholder. Since the Selling
Securityholders may sell all or some of their Securities, no estimate can be
made of the aggregate number or amount of Securities which would be owned by
each Selling Securityholder upon completion of the offering to which this
Prospectus relates. The information set forth in the table was furnished to the
Company by the respective Selling Securityholders.
<TABLE>
<CAPTION>
- ----------------------------
<S> <C> <C>
Variable Insurance Products Fund: High Income Portfolio (1) 1,589 ---
- --------------------------------------------------------------------------------------------------------------------------
Fidelity Summer Street Trust: Fidelity Capital & Income Fund (1) 23,995 ---
- --------------------------------------------------------------------------------------------------------------------------
Fidelity Fixed Income Trust: Spartan High Income Fund (1) 2,723 ---
- --------------------------------------------------------------------------------------------------------------------------
Fidelity Magellan Fund (1) 4,415 ---
- --------------------------------------------------------------------------------------------------------------------------
Fidelity Puritan Trust: Fidelity Puritan Fund (1) 2,581 ---
- --------------------------------------------------------------------------------------------------------------------------
Fidelity Advisor High Yield Fund (1) 584 ---
- --------------------------------------------------------------------------------------------------------------------------
Trust Accounts Managed by Fidelity Management Trust Company (2) 3,508 ---
- --------------------------------------------------------------------------------------------------------------------------
Keystone Strategic Income Fund 2,156 ---
- --------------------------------------------------------------------------------------------------------------------------
Keystone High Income Bond Fund (B-4) 24,562 ---
- --------------------------------------------------------------------------------------------------------------------------
Equifax, Inc. U.S. Retirement Income Plan Trust 916 ---
- --------------------------------------------------------------------------------------------------------------------------
State Street Bank and Trust Company as Master Trustee for:
Ampex Retirement Master Trust (3) 2,618 2,407,480
- --------------------------------------------------------------------------------------------------------------------------
State Street Bank and Trust Company as Master Trustee for:
Buffalo Color Master Trust (3) 323 296,935
- --------------------------------------------------------------------------------------------------------------------------
PaineWebber High Income Fund, a series of PaineWebber Managed
Investments Trust --- 564,328
- --------------------------------------------------------------------------------------------------------------------------
Managed High Yield Fund, Inc. --- 122,676
- --------------------------------------------------------------------------------------------------------------------------
Sherborne Holdings Incorporated ("SHI") (4) --- 584,192
- --------------------------------------------------------------------------------------------------------------------------
Sherborne & Company Incorporated ("SCI") (4) --- 491,979
- --------------------------------------------------------------------------------------------------------------------------
Sherborne Investments Corporation ("SIC") (4) --- 1,500,000
- --------------------------------------------------------------------------------------------------------------------------
NH Bond Corp. (4) --- 119,374
- --------------------------------------------------------------------------------------------------------------------------
Edward J. Bramson (5) --- 2,409,911
- --------------------------------------------------------------------------------------------------------------------------
Craig L. McKibben (6) --- 347,156
- --------------------------------------------------------------------------------------------------------------------------
David D. Griffin (7) --- 500,000
- --------------------------------------------------------------------------------------------------------------------------
Total 69,970 9,344,061
==================
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