Zeev's Turnips - No Politics Message Board

STOCKTALK

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.

Strategies & Market Trends : Zeev's Turnips - No Politics

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Dave Gore who wrote (24570)	1/25/2002 10:38:25 AM
From: Softechie	Read Replies (3) of 99280

IMCL 9:12 (Dow Jones) Imclone Systems (IMCL) said the majority of CEO Samuel Waksal's stake in the company was sold to cover margin calls on his personal account. On Jan. 18, Bank of America sold 2.6 million Imclone common shares and UBS PaineWebber sold 213,000 shares, reducing Waksal's beneficial ownership in the company to 582,000 common shares. Bank of America also sold 72,754 Imclone shares owned by COO Harlan Waksal to cover margin calls on his personal account. After the sale, Harlan Waksal beneficially owned 3.1 million Imclone shares. The stock closed at $73.83 on DEC. 5, 2001, and $19.58 Thursday. (RG) Margin call??? Are these guys daytraders???

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next