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Technology Stocks : Information Architects (IARC): E-Commerce & EIP

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To: Tech Master who wrote (4563)2/20/1998 11:51:00 AM
From: RODNEY R. BORDELON  Read Replies (1) of 10786
 
Tech Master,
The law on rule 144 concerning Mr. Gruder is: Mr. Gruder can sell the GREATER of 1) 1% of the outstanding shares of ALYD, or 2) the weekly average for four weeks prior to the sale, less any sales that Mr. Gruder or his family might have done.
So Tech Master, there are approximately 17.5 million shares outstanding x 1%= 175,000 shares could be sold under #1 above. I'll let you TECH MASTER figure out #2 above, if you can? After you get the result from #2, compare it to #1 and take the greater of the two.
REMEMBER, THIS CAN ONLY BE DONE ONCE EVERY 90 DAYS. Is this explanation of rule 144 easy enough for you to understand TECH MASTER? If I have made one little mistake, don't crucify me, I'll just post the actual law next time. I was just trying to make it easier for Tech Master to understand. <gggggg>
TRUTH
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