Tech Squared (TSQD)- Internet Commerce Message Board

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Microcap & Penny Stocks : Tech Squared (TSQD)- Internet Commerce

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To: Joseph Waligore who wrote (674)	7/17/1998 10:51:00 PM
From: Quad Sevens	Read Replies (2) of 2752

<< This stock looks like a great winner, but why was the former CEO of the company selling so much? Maybe you guys have addressed this, but I don't remember seeing the answer. >> I have a theory that the underwriters advised Ronning to reduce his holdings in TSQD. I note that he now owns 49% of TSQD. That is just under a majority percentage. Hmmmm .... Ronning has a huge stake in DRIV directly and a bunch of options to buy DRIV at 3 bucks or something. I'm just guessing that Alex Brown and friends advised him to tone it down a bit. Frank: I don't buy your theory that he needed "salary". The selling was just too massive in a stock that was set to explode (hopefully). I have no real evidence for any of this. Just a theory. Wade

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