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Biotech / Medical : ACMI - Accumed Inc.

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To: MED TECH who wrote (292)9/22/1997 7:32:00 PM
From: Wowzer   of 1894
 
More insider sales:

First the CEO sold 800,000 shares at 2.75 now another director, or could be the same CEO, has filed to sell an additional 800,000 shares. I called Invetor relations as well when the CEO sold and even though they stated it was for personal reasons etc etc, I don't buy it, especially given the additional filing. IR is going to tell you that every time anyway. All these insider sales near 52 week lows. If you are an insider and think co. is significantly under valued and sales are about to take off due to FDA approval would you be selling???? There is something rotten here. I got out today at 3, and took my loss. All you longs wish you the best of luck.

Source:

insidertrader.com

Rory
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