LOCK (Saf-T-Lok) Message Board

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Non-Tech : LOCK (Saf-T-Lok)

LOCK 23.99

0.0%

Feb 16 4:00 PM EST

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To: Dan Budd who wrote (481)	2/17/1998 11:03:00 PM
From: Tekktrader	Read Replies (3) of 1039

I see been you've reading the Yahoo board (appropriately named, don't you think?)!!! Oh, and when you take a look at that S-1 that was filed today, do you notice how many underlying shares are being registered by the CEO of the company, Mr. Gardner? The same CEO who sold every one of his freetrading 200,000 shares back in October 1997 after LOCK shot up in the face of the Clinton/gun manufacturers press conference? This is such an unbelievable story when you examine it in even the most fleeting detail. How can anyone buy this stock at these prices? The company comes out with a press release about a $6 million order for gun locks from a close out liquidator in New York (rather than from an established gun accessory distributor, of which there are many and none of whom have EVER bought a LOCK product), the stock shoots up on huge volume and who do you think is selling as fast as they can get their shares registered? Then the broker-dealer that did the company's last offshore financing (one of several offshore financings in LOCK's history) issues a "strong buy" recommendation, in the face of disclosure in SEC filings that this same broker-dealer gets paid hundreds of thousands of dollars if the Reg-S warrants get exercised! And the nitwits then file an S-1 ON THE VERY SAME DAY that registers the Reg-S warrants! This is so unbelievable. How long before we're reading about this one in the WSJ?

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