American Mobile Satellite (skyc) Message Board

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Technology Stocks : American Mobile Satellite (skyc)

SKYC 4.750

+5.1%

Jan 16 9:30 AM EST

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To: VALUESPEC who wrote (182)	4/5/1998 10:32:00 AM
From: VALUESPEC	Read Replies (1) of 400

From the Motley Fool: <<Correction: In a Hero that appeared in last Friday's Evening News, we wrote that Ron Baron had sold 35% of his stake in American Mobile Satellite (Nasdaq: SKYC) during 1997. Today we were informed by Baron Capital that this was not the case. Staying true to the firm's buy and hold strategy, it sold only 0.0006 (3000 shares) of its position, which barely scratches the surface of its 5,373,128 share total.]>> On yahoo, it is said that the FL broker who controls about 5% of the company with his clients also did not sell. If that is the case, then where were all the shares coming from? I was wondering if option/warrants were being exercised and then sold. I'll try to look into this more. Does anyone else have any ideas as to where all the shares came from? VALUESPEC www.valuespec.com

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