Thermo Tech Technologies (TTRIF) Message Board

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Technology Stocks : Thermo Tech Technologies (TTRIF)

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To: Poweruser who wrote (3773)	3/26/1998 1:30:00 PM
From: DDS-OMS	Read Replies (1) of 6467

Yes, the stock from the pp and stock from warrant conversion was saleable on Nov 1st. I sold 80K shares @ 1 7/8 with no effect on price. For the whole week, the stock was flat--obviously supported. The warrant conversion didn't hurt the stock price at all. The SEC sets 40 days as the minimum time before Reg S or D shares can be sold in order for current stockholders to find out about the coming dilution. The agreement was signed on Sep 16th, making Oct 26th the earliest any shares could have been sold. You can rest assured they did not have a longer wait imposed--but there could have been a tacit agreement not to sell until it was seen what the pp/warrant stock selling did to the price. If Reg D selling had been added to any significant pp selling, it could have quickly driven the stock through the floor. After that "flat" first week, during the following 2 weeks the stock went up a much as 50%, then on Nov 24th, selling started that, with the exception of the USF Feb 11th spike, has been constant for 4 months. Look at a chart.

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