SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Net Perceptions, Inc. (NETP)

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: rupert1 who wrote (2762)8/20/2000 4:47:25 AM
From: rupert1   of 2908
 
Forms 144

Does anyone have access to a service which reveals the details of Forms 144?

They notify the SEC of intention to sell within 90 days. Usually, in NETP's case, the party filing sells on the day of the filing or within 48 hours.

Forms 144 have been filed on the following days:

July 26, 27
August 8,10,11,15

The July sales were by Vulcan Ventures. By my calculations (detailed in a previous post using public filings) they left VV with more than 800,000 shares. The date might have been chosen to take advantage of relative strength at the time when quarterly results were announced.

I do not know the seller or the amounts for August. At first sight, the dates are strange. A potential seeler would know that August would be the weakest of months for sector prices and the month with the lowest volume. Given that there is no bad news from NETP and lots of good news, it would appear that the seller or sellers were highly motivated by other factors - perhaps by the need to raise cash for other opportunities during this season of low prices.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext