Ultratech Stepper Message Board

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Technology Stocks : Ultratech Stepper

UTEK 30.23

0.0%

Jun 5 5:00 PM EST

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To: mister topes who wrote (1202)	8/26/1997 12:49:00 AM
From: shane forbes	of 3696

Don't you think it is ridiculous to call the transfer of 245,000 shares into a charitable trust a sale. Don I'm not so sure if I agree with you. A "trust" is a separate entity under the law. Therefore the shares are "irrevocably" separated form Mr. Z's control. The trust now "owns" the shares and Mr. Z. can no longer claim those shares as his. They're gone. Finito..."Sold". Now my questions is do you think one seller is responsible for the $28-$29 cap as someone had suggested (sorry forgot your name!). It could be but if you look at the chart, early this year we hit that 29-30 area pretty quickly so my guess is that now we are going to have to test it a few more times before we pierce it. And we shall... $-)

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