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Technology Stocks : JMAR Technologies(JMAR)
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To: Starlight who wrote (3812)11/4/1997 6:46:00 PM
From: JEFFREY R. WILLS  Read Replies (1) of 9695
 
The total number shares issued was 1,427,526 and was effective 1 June 1996. From what I gather, they still had about 700,000 shares and probably were not happy about the settlement. It is logical to believe that these shareholders wanted to get rid of the stock they have either over disappointment with JMAR mgmt or may just want to move on to something else. This would explain the orchestrated selling as there probably is some institution or other persons who are willing to buy their shares at a lower price. The 18 months could have been negotiable after the this settlement was completed which in effect changed the contract of the purchase.
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