Hi John, once an insider files a 144 form they have 3 months to execute their sale. Once they make the sale, the 144 form is made public within 10 days of sale, I believe. Therefore, any 144 you see, the sale has already been executed. I believe cash sparse Amati may be selling just to pay the bills, salaries. Creative financing at investor's expense? Who can really know what they need $886,500 in cash for? It is always difficult to put a positive spin on insider selling. Insider buying is a different story.
"Dollar Value of Registered Shares: $886,500
Number of Shares Registered: 63,350
Number of Insiders Registering To Sell: 3
Relation to Company: V,A,O
Average Share Price When Registered: $13.99"
techstocks.com
"John Cioffi , Chief Technical Officer, filed thru Smith Barney to sell 50,000 shares on 3/17/97"
"David Bivolcic, Senior Vice President, filed on 3/7/97 and sold 13000 shares"
techstocks.com
"A possible hint that Amati is close to a big alliance is the lack of corporate insider buying and selling. If company execs are negotiating a big deal, typically Securities and Exchange Commission rules would bar insiders from buying or selling shares."
techstocks.com
AMATI COMMS
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