Tom, Doug, et. al.:
Liviakis filed a 13D with SEC on 7/30 disclosing that it has been selling shares"
>> 1. On June 26, 1997, LFC sold 16,000 shares at a price of
$0.41 per share.
2. On June 27, 1997, LFC sold 24,000 shares at a price of
$0.41 per share.
3. On June 30, 1997, LFC sold 24,000 shares at a price of
$0.38 per share.
4. On July 1, 1997, LFC sold 24,000 shares at a price of
$0.38 per share.
5. On July 2, 1997, LFC sold 24,000 shares at a price of
$0.38 per share.
6. On July 3, 1997, LFC sold 24,000 shares at a price of
$0.38 per share.
7. On July 14, 1997, LFC sold 8,000 shares at a price of
$0.38 per share.<<
They still own 766.000 shares and filed the proforma announcement that they have no intention of using those shares to promote any extraordinary corporate changes (takeovers, management changes, etc.)
Explains the recent weakness. Don't know, however, if they're done dumping. Sure does put a blanket over short term price rises though knowing that the biggest investor was willing to let go at such a low price. What will they do if we skyrocket to $.50?
Allan
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