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Biotech / Medical : Laserscope (NASDAQ LSCP)

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To: E.J. Neitz Jr who wrote (39)6/12/1997 11:03:00 PM
From: Webhead   of 314
 
According to the annual meeting proxy on EDGAR, McCormick has 331,832 shares and options that matured at the end of March. It's always hard difficult to ferret out why an insider sells a chunk of stock; sometimes it really is because of cash flow etc... Possibly he needed to sell a bunch to pay for his strike price or the sales may actually be those of the newly aquired stock via exercise of his options.

BTW where does this info come from and is anyone else selling? Fundamentally and in my feeble technical fashion the company seems to be in fine shape and ready to start generating some serious revinue and growth.
Ed
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