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Non-Tech : Rite Aid
RAD 0.6480.0%Oct 16 5:00 PM EST

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To: Marty Rubin who started this subject4/26/2002 10:05:13 PM
From: Marty Rubin   of 42
 
Rite Investments Files To Sell 1.2 Million Drugstore.com Shares

Friday April 26, 4:13 pm Eastern Time
Rite Investments Files To Sell 1.2 Million Drugstore.com Shares

WASHINGTON -(Dow Jones)- Rite Investments Corp. filed to sell 1.2 million shares of Drugstore.com Inc.'s (DSCM) common stock, according to a Form 144 released Friday by the Securities and Exchange Commission.

Rite Investments listed April 24 as the approximate sale date for the shares, which it valued at $3 million.

The filing listed Knight Securities L.P. as the broker for the sales.

Rite Investments listed "10% stockholder" as its relationship to drugstore.com.

Drugstore.com is an online retailer and information provider in Bellevue, Wash.

Shares of the company recently traded at $2.30, down 7 cents.

A Form 144 indicates an intention to sell restricted stock, but it isn't a commitment to do so.

-Ben Siegel, Dow Jones Newswires; 202-628-7689
(This story was originally published by Dow Jones Newswires)
Copyright (c) 2002 Dow Jones & Company, Inc.
All Rights Reserved

_____________________________________________
I think they have already sold these shares. I speculated a ~2.1 sale (one 1.2 mil and two 500K), but they may file for the the rest later (if they are indeed responsible for the 2* 500K).

Here's msg (as posted in Yahoo!):

"Did RAD sell ~2.1 mil DSCM Yesterday?
by: MartyLA (M/Los Angeles) 04/25/02 03:24 pm
Msg: 116551 of 116728

Someone dumped DSCM shares yesterday for ~2.45-2.5."

URL: messages.yahoo.com
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