Dear Mr. Walsh,
So nice to see you have so much faith in you own company that you keep dumping your shares. And with VERT trading so low? Not much faith in the next few months? Or are you building a big mansion? Well when I saw the news release, I dumped most of mine too. Thanks a lot, a former long term shareholder who has lost faith.
Just wondering how you expect people to invest in your company when you guys are selling your shares....
VerticalNet CEO files to sell 195,000 shares
Tuesday, June 06, 2000 11:01 AM
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WASHINGTON, June 6 (Reuters) - VerticalNet Inc. (NASDAQ:VERT)
Chief Executive Officer Mark Walsh said he plans to sell
195,000 common shares, valued at about $6.1 million, of the
online operator of business-to-business communities.
Walsh made a filing with the Securities and Exchange
Commission on May 30, and the filing was released by the SEC on
Monday. He acquired the shares after exercising a stock option.
Walsh, who has been CEO since August 1997, sold 65,000
shares on May 24 for about $2.2 million. Prior to that he
unloaded 20,000 shares on Feb. 25 for more than $4.6 million,
the SEC filing showed.
There was no immediate comment from VerticalNet, which is
based in Horsham, Pa.
VerticalNet shares were unchanged at 43-1/4 on Nasdaq.
Copyright 2000, Reuters News Service
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