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Non-Tech : Amati investors

AMTX 1.620

0.0%

Dec 4 3:59 PM EST

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To: William Clopton who wrote (12569)	3/23/1997 11:19:00 AM
From: robt justine	of 31386

<<once an insider files a 144 form they have 3 months to execute their sale>> Right. <<Once they make the sale, the 144 form is made public within 10 days of sale, I believe. Therefore, any 144 you see, the sale has already been executed>> Wrong. The actual sale for an officer of the company is reported on Form 4. This form must be filed by the 10th day of the month following the actual sale. When one looks back to compare the actual date of sale from the Form 4, it is typically at the same time that the 144 filing was made. Rarely is the 144 filed without being acted upon immediately by officers of the company. But it is not uncommon for an affiliate or large shareholder to file the 144 intention and not act upon it. <<I believe cash sparse Amati may be selling just to pay the bills, salaries.>> Thanks for another rationalization for my book as to the motivations of insider sales.

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