Bay watcher, I respect anyones decison
to sell (or buy) based on any reason. However,
I beg to differ with you regarding the significance
of one 28,000 share insider sale.
Larry,
Something occurred to me. The 28,000 share
sale was reported on Comtex. Here it is:
(COMTEX) ASCEND COM. V.P. FILES FORM 144, TO SELL SHARES
ASCEND COM. V.P. FILES FORM 144, TO SELL SHARES
WASHINGTON, DC, Nov. 19, 1997 (States) -- Michael Hendren, vice
president of Ascend Communications of Alameda, Calif., reported on Nov.
12, 1997, the proposed sale of 28,333 shares on Nov. 10, 1997, for $676,
450 through Smith Barney, Inc.
Why can't I verify this on either Edgar-Online or
www.insidertrader.com? Neither engine shows
this transaction.
Can anyone verify this transaction on any search
engine anywhere?
Thanks!
Gary Korn
P.S. I've been told that I was wrong on my insider
trading post (vis-a-vis insiders not having to report
registered stock purchases or options purchases).
I probably was wrong and I apologize. I'll call the
SEC on Monday to see what I can find out.
This stuff is complicated and it is not my area of
practice by a long shot. Frankly, I've spoken to
several securities lawyers and, so far, they have been
unhelpful as they are not accustomed to using
the SEC filing system as a way to unearth M&A news.
P.P.S. The significant block trading purchases that
I've noted on the thread commenced just after this
11/10 sale. |
