ETPI-Military Entertainment Enters Civilian Market Message Board

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Microcap & Penny Stocks : ETPI-Military Entertainment Enters Civilian Market

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To: SCOOBEY-DO who wrote (4146)	4/18/1999 7:15:00 PM
From: Toby Zidle	of 4767

Scoobey, I agree with you that, if you had a locked in large share block, you'd probably want to sell at first opportunity to get out of 'dead money'. Our own thinking that 22 cents is probably a bottom might not be a factor in such a sale decision. (Besides, our thinking can be wrong.) And, yes, a 144 probably ought to be filed with the SEC (assuming the block is at least 5% of the total shares of the company). But I see no evidence of such a filing on the Yahoo 'Insiders' link. Still, we've heard that those 'Heroes' shares are coming on the sale block. How can they sell without a 144? My first thought is that there may have been two or more partners in 'Heroes', so that there is no one person with a 5% holding. Second possibility is that the ETPI execs (Butcher, et al) may hold sufficient shares that the purchase of 'Heroes' never involved a full 5% of the company or that it was a stock/cash deal with less than 5% of ETPI's total shares issued. Does anyone have a link to the appropriate SEC filing where ETPI reports on its 5% shareholders? A filing about 6 months ago would be perfect.

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