Ross Technology? Let's talk! Message Board

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Technology Stocks : Ross Technology? Let's talk!

RTEC 28.50

-0.5%

Oct 25 5:00 PM EST

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To: nicole orbegoso who wrote (98)	8/13/1996 6:37:00 PM
From: Sean McGee	of 475

If you read Sun's recent filing on the SEC's EDGAR database the details behind the Ross warrant are disclosed. In short, they are prohibited from selling their stake in Ross for a year from the day they purchased the stock which was last November. I believe the reason they appear to be in Red is because they chose not to exercise their warrant to buy an additional 5% on top of the 5% they bought on the IPO date. Essentially their latest SEC filing is stating that they only bought 5% of RTEC rather than the 10% the could have bought had they exercised their warrant. In short, they still own 5% of RTEC and can't sell until November at the earliest. -Sean

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