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Non-Tech : Radica Games (RADA)
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To: advinfo who wrote (3004)2/27/1998 10:20:00 PM
From: Zirdu  Read Replies (1) of 7111
 
The SEC filing is interesting. It looks like Richard Pickup (Dito Devcar) entities bought 150,000 shares on 1/13/98 at about $13.46/share, and 20,000 shares on 1/26/98 at about $14.70/share.

So he was supporting RADAF at the low points.

Also interesting was the statement under "Source of Funds...":
"shares are acquired by means of private capital . . . and no portion of said funds have been borrowed."

This tells me that Dito Devcar's 4.7 million shares, almost 23% of the shares out, are not held in any margin account, and so not available for shorters to borrow and sell. Is this correct?

RR
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