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Non-Tech : Am.United Global, Inc. (AUGI)

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To: Michael Paul Langley who wrote (1570)12/29/1997 12:02:00 PM
From: Michael Paul Langley  Read Replies (1) of 2065
 
As of the week ended December 19,1997 A form 144 was filed with the intent to sell AUGI 250,000 shares at $1.75 per share ($437,500). Info found at insidertrader.com

sale Form 144:
The U.S. Securities Exchange Commission document filed by holders of restricted securities to give notice of their intent to sell. Securities may be restricted under terms of an initial public offering, a venture capital investment, or stock-option compensation, among other things. Sales of shares typically occur soon after a Form 144 is filed.

Not all filers of Form 144s are "insiders" as defined by the SEC. But if the seller of the restricted stock is an insider, you will likely see a Form 4 the following month. Form 144s are therefore a harbinger of activity for Form 4 sales.
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