Ed:
Saxe sold almost 100,000 shares directly into a fluff press release, starting the day of the release on June 24, 2002. As you can see, Ed, the price in 2002 was well under $10 as you indicated.
Saxe and Harary also sold shares directly into the press release of December 17, 1998 when they announced that the goop was sent to MSC to produce SPD. (We know exactly what happened there, don't we?--Absolutely nothing.)
Also, either Saxe, Harary, or both sold directly into a CC in 1999 or 2000 (the one in which they announced Dianippon and Hitachi as goop makers).
In other words, they created hype and then sold directly into that hype.
Here are the records I can pull up easily:
07/26/2002 PS SAXE, ROBERT L.
Director 20,000 Form 144 Planned Sale
(Estimated Proceeds of $143,000) BEST
07/25/2002 PS SAXE, ROBERT L.
Director 20,000 Form 144 Planned Sale
(Estimated Proceeds of $143,000) BEST
07/24/2002 -
07/29/2002 B KEEN, VICTOR F.
Director 22,000 Form 4 Buy @ $6.860 - $9.920 / shr
(Cost of about $184,580)
07/24/2002 PS SAXE, ROBERT L.
Director 40,000 Form 144 Planned Sale
(Estimated Proceeds of $298,000) BEST
07/23/2002 PS SAXE, ROBERT L.
Director 10,000 Form 144 Planned Sale
(Estimated Proceeds of $83,100) BEST
07/19/2002 -
07/31/2002 S SAXE, ROBERT L.
Director 98,400 Form 4 Sell @ $7.095 - $10.475 / shr
(Proceeds of about $864,444)
07/19/2002 PS SAXE, ROBERT L.
Director 10,000 Form 144 Planned Sale
(Estimated Proceeds of $105,000) BEST |
