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Technology Stocks : INFORMATION ANALYSIS (IAIC) - YEAR 2000 Date Remediation
IAIC 4.280+12.3%Dec 16 4:00 PM EST
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To: _scott who wrote (1339)3/18/1998 10:21:00 PM
From: RikRichter  Read Replies (1) of 2011
 
Scott,

To respond to your questions:

1. The "lock-up" period refers to the private placement (PP) investors who purchased $11 million in common stock during early 1997 and 1998.

2. During January, 1998 these shares were registered for sale with the SEC; hence, the "lock-up" period ended on March 1st. Some of the heavy selling volume recently reflected some of these PP holders exiting at a decent return on their investment.

3. Soros' funds was part of the second PP in 1998 but he is not believed to be a seller at this time or else he would have filed with the SEC.

Hope this helps.

Regards.

Elliot
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