Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 207.04

+0.7%

Dec 8 3:59 PM EST

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To: uu who wrote (21159)	11/4/1997 8:14:00 PM
From: Gary Korn	Read Replies (1) of 61433

I fail to see the connection here. Why would they need liquidity if they know after their announcement the stock will start to go up again, and they can sure get a better liquidity if they sell above $35/shr?!!! And I am most confident neither Ejabat nor any of his buddies needed the liquidity of around $1 million at the time to sell with such a rush! Addi, I'm guessing that ASND insiders have certain times of the year during which they can sell. November, perhaps, is not one of them. If an acquisition is effected, the insiders will be prohibited from selling for still longer (just like after the CSCC merger). Even if November is not a banned period (I've a call into investor relations to see if they will tell me), it is frowned upon and tacky -- tho perhaps not technically illegal, depending upon the circumstances -- for insiders to sell after an announcement is made but before a deal is approved. So, once again, the answer is liquidity. By the way, I'm finding Michael Ashby to be one heck of a CFO. If a merger never happened, I'm not sure I'd be upset. But one is going to happen (ASND as acquiree) in my opinion.

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