CCEE Breaking Out Message Board

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Microcap & Penny Stocks : CCEE Breaking Out

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To: Sean Reilly who wrote (9289)	2/24/1998 10:11:00 AM
From: Rob Taylor	Read Replies (1) of 12454

Sean, I cannot say whether Cannivino will sell any or all of the shares listed in the S-8. I will tell you that the filing you saw is executed all the time by companies to allow the _restricted legend_ to be lifted from stock granted to the holder. This is treasury stock, part of the initial 150 mil authorized, which was granted to those individuals listed in the S-8. The stock may have been purchased, given as options, received as compensation, been part of a settlement etc. Companies routinely register restricted stock as part of the original agreements when issued to the individuals. It in no way means the individual plans to or will sell when the SEC lifts the restrictions. It simply gives the holder the right to trade the stock through the NASDAQ system, just as you or I would. If I were Cannivino, I certainly would not allow myself to become recognized as a _consultant_ for CCC and turn around in the same month or two and sell stock at $.375/share. If I thought the company was not going anywhere why let my name become involved with theirs in the market? Once again, I do not know what any of those listed in the S-8 will do with the stock. This is only conjecture.

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