I got a response from K2, below is their e-mail together with mine
X-Sender: investor_relations@k2design.com (Unverified)
Date: Thu, 30 Apr 1998 16:33:09 -0400
To: hsabhyan@MIT.EDU
From: Investor Relations <investor_relations@k2design.com>
Subject: RE: Concerned investor
Mr.Abhyankar:
In response to your message below, first of all thank you for your interest in the company. Some of the persons and organizations in the list were some of the original investors in K2, dating back to early 1996. None of these are management or board members. In certain cases there appears to be some profit taken.
Hope this helps.
>>>>
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From: Hari Abhyankar[SMTP:hsabhyan@MIT.EDU]
Sent: Wednesday, April 29, 1998 10:45 PM
To: info@k2design.com
Subject: Concerned investor
Hi,
I am a K2 investor. I have read your PR which leads me to believe that youare showing great growth potential. What concerns me are the numerous 144s, i.e., planned sales of shares by insiders that have been filed this month alone. Below is a list that is publicly available:
04/16/98 BARRON S WALL INC 17,143 $94,287
04/14/98 RAINWATER ENTERPRIES LTD 6,000 $33,000
04/14/98 BERLENT HARVEY N 5,000 $27,500
04/13/98 SETZKORN RONALD MD 14,286 $71,400
04/08/98 GOLDBERG HENRY 7,143 $21,400
04/08/98 SMITH WILLIAM 22,571 $101,000
04/08/98 SERBIN RICHARD 14,286 $57,000
04/08/98 COOPERATIVE HOLDING CORPORATIO 28,572 $131,000
04/08/98 ANACONDA CAPITAL LP 40,000 $195,000
04/07/98 LEO HOLDING INC 2,857 $13,925
04/02/98 TOWELL ANTHONY 14,286 $39
04/02/98 HUIS D MARLENE 25,000 $75,000
Is there any need for concern?
Thanks,
Hari Abhyankar
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Investor Relations
K2 Design, a Full Service Interactive Agency
55 Broad Street, 7th Floor
New York, NY 10004
212-547-K234 (v), 212-968-0067 (f)
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