As I have indicated in the past...I can't let comments like yours, that are in error, stand with our responding.
Your comment that "..simultaneous with the receipt of new capital in April/May 96, Mike Mulshine et al filed to sell aprox. 40% 180000/440000 shares..." is absolutely wrong!!! 1) I, Mike Mulshine, did not register and/or sell any shares at that time! Almost two years ago I had a personal financial emergency, and had to sell a very small percentage of my stock to solve a serious problem. That "registration" is still carried on the Bloomberg "insider trading" list, although it is old information. 2) Most of the shares you are referring to (about 95%) were included in a 13-D filing that was made by one of the Investors in the April/May 96 funding you referred to above. This 13-D filing shows up on the "Bloomberg" terminal under the "insider trading" category, even though they are not Insiders in the Company...This distorts the picture for the casual investor that is not into these things.
If I and a "whole list of (insider) filers" had actually done what you suggested, I too would consider it to be curious behavior.
Please, if in the future you have any questions about what SCNG/Sedona and our Insiders are up to, "post" the question or email me at "MMulshine@aol.com". If its not restricted info, I will be pleased to give you a straight answer.
Mike Mulshine |
