D.
The Headline on the fax I have in hand reads: WSA 11/11 Blum, William, F., off. Dir and Ben. Owner BUYS 190,000 on 10/31/97
That is straight from the horse's mouth!
ALSO... WSA 10/23 Amendment: Pinnacle Micro: Blum Scott A files to SELL 161,450 Shares
WSA 10/17 Ammendment: Pinnacle Micro:Blum, Scott A files to sell 238,95 shares
WSA 10/17 Ammendment: Pinnacle Micro: Blum, Scott A, files to sell 240,950 shares
BN 10/06/ Sec/Pinnacle Micro: Three FORMER Executives Settle Sec charges
DJN 10/06 +Sec Settles cases VS Pinnacle Micro, 3 former officers
WSA 9/25 Pinnacle Micor: Blum Scott A, files to sell 142,862 shares
and some other misc stuff...So it is either a brother, or son, MY guess is that it is a brother to William Blum that filed to sell a total of 426,295 shares. I am only doing a second guess thing here but it just reading between the lines... I think this brother? may have also been one of the 3 executive officers involved with the SEC. 2 of them paid 25,000 to settle the claim. Then William Blum the founder takes over the helm again and the former CEO Kenneth Campbell resigns.
Had to be some hanky panky going on somewhere. It almost appears to me that William Blum founder and now CEO must have bought up the 190,000 shares in an effort to keep the ship of state afloat! It appears to me like a deliberate attempt to put him out of business! William Blum is not named as one of the executives involved. It specifically states FORMER executives.
Let me know what your take on this is...
Also what is meant by AMENDMENT? I am not totally sure.
NOW... just because someone files to sell the stock does not mean they go through with it. But, in view of the way the stock has dropped he must have sold it. Maybe, William wanted to oust his brother/son and bought a lions share of his stock and gave him the boot? Who knows but it would sure be fun to know for sure.
Dusty |
