Charles, you're right, 150,000 is not that much considering
Friday's volume. But they have more then that, as they
have acknowledged in the past. I don't know if they'll
sell slow, sell fast or not sell at all. I'm just saying
they have them and the restricted ones can come off
restriction 3-12-00. The other point was that possibly
SETO was going to hire another IR firm.
What happened in another company I'm in, QTEK, a broker
bought up something like half the float. When they were
ready to get out and move on to another stock, they sold
their shares pretty fast, estimated about 600k+/- in about
30 trading days. About 20,000 a day. But in a thinly
traded stock, that has a big effect on any price movement
upwards.
The stock market is brutal, the otc:bb market is even
worse. I wouldn't hold 99% of the stocks on the bb
longer then a few days. I've been burnt too many times.
Happy investing!
KZAP
(my 'trading shares' were bought at different prices,
some at .45, 5/8 and the last @ .81) |
