KAFE (Country Star Restaurants) Message Board

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Microcap & Penny Stocks : KAFE (Country Star Restaurants)

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To: Kincheloe who wrote (142)	10/2/1997 4:51:00 PM
From: wfrazee	of 876

The 144 filing is only an intent to sell registered stock. It does not obligate the individual to do so. To actually verify stock was sold, look for a form 4 filing about 30 days or so later. The price on the 144 is often the share price at the time of filing but not always so. I don't think there is any hard fast rule on what to put there. Maybe the individual who filed indicated he hoped to sell at $1 but would not do so for less? Who knows. Others put down current market price and lo and behold the stock price runs up - I assure you, they sell at the higher price. 144 filings can have two meanings to you, one - insiders are dumping the stock before it drops or two insider's are expecting a near term run-up in price and want to sell at higher levels.

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