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Non-Tech : E4L, Inc. (NYSE: ETV)
ETV 13.90+1.3%Nov 21 4:00 PM EST

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To: John Arnopp who wrote (207)8/16/1997 2:19:00 PM
From: BARRY ALLEN   of 1080
 
John,

It does not make sense for him to buy 600,000 shrs on 8/7 & 8/8 and dump those same shares between 8/11 & 8/14. The bad earnings didn't come out till 8/13 after the close and he was selling earlier. Did he know something? I doubt he was strapped for cash. I'm betting that he is picking up more at these levels. There is a big difference between $5 & $7 (30% less). We just have to wait and see what happens this week and the SEC filing for this coming Fri 8/22. There is a chance that I am wrong and that NM is a dead dog and that there is no interest in any aquisition and Harosh will be dumping the rest of his shares in the following weeks. Again, I doubt it (he better not) but only time will tell.

Barry
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