SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : GTAX - Gilman & Ciocia, Inc.
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Judith Weintraub who wrote (81)1/12/1998 5:32:00 PM
From: Sergio H   of 184
 
The registration is for the purpose of possible sale by the owners of these shares. Since they were received as payment for services rendered it is highly likely that the shares will be sold in the future. It is probable that these shares will be sold at a level higher than $7.94 and that these shares will be sold over time. When the underwriters accepted the warrants and options as payment they knew that they were accepting a deferred payment with the expectation that the stock price would appreciate. GTAX has paid for services rendered in the past in this same fashion. It is not an uncommon practice for companies to do this and it will have a small impact on the future stock price of GTAX.

Sergio
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News