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Microcap & Penny Stocks : FRSH
FRSH 10.84-2.1%Nov 6 3:59 PM EST

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To: Richard Mazzarella who wrote (188)9/5/1997 2:48:00 AM
From: Mehmet1983   of 531
 
here what I found :

STEVEN SMITH DIRECTOR PRESIDENT CO-CHAIRMAN AND 10 PERCENT OWNER has sold 49,000 shares at $3, 07/23/97, reported 08/29/974

JEFFREY C SMITH DIRECTOR AND VICE PRESIDENT has sold 12,000 shares at $3 on 07/18/97, reported 08/29/974

According to the SEC files on december 1996 :

Steven Smith had 1'633'362 shares
Jeffrey Smith had 71'919 shares

(All persons in management had 54.1 %.)

Conclusions :

- they sold their shares just after last earnings release
- if they continue, management will loose majority
- 71'000 shares are a small portion of their stake

What can we think about this ???
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