Hey Mr Berry CMND lloks great class action law suits insider selling this is great I love this company
Date
Name
Action
Shares
Type
Price
Value
25-Mar-98
PHOENIX HOME LIFE MUTUAL INSURANCE
COMPANY
Sold (S)
80,000 (i)
COMMON SHARES
12.00
$960,000
25-Mar-98
PHOENIX HOME LIFE MUTUAL INSURANCE
COMPANY
Sold (S)
122,500
COMMON SHARES
12.00
$1,470,000
25-Mar-98
CAPUTO EDWARD G
Sold (S)
202,500
COMMON SHARES
12.00
$2,430,000
18-Mar-98
PHOENIX HOME LIFE MUTUAL INSURANCE
COMPANY
Sold (S)
400,000
COMMON SHARES
12.00
$4,800,000
18-Mar-98
PHOENIX HOME LIFE MUTUAL INSURANCE
COMPANY
Exercised (C)
1,181,750
COMMON SHARES
-
-
18-Mar-98
CAPUTO EDWARD G
Sold (S)
100,000
COMMON SHARES
12.00
$1,200,000
HMMM Mr. Berry atleast TSIG HAS PLANNED SALES BUT NO REAL SELLS YET
uesday May 26, 1:38 pm Eastern Time
Company Press Release
Wechsler Harwood Files Class Action Against Command Systems Inc. and
Underwriters, Nasdaq:CMND
NEW YORK--(BUSINESS WIRE)--May 26, 1998--Notice is hereby given that on May 6, 1998, a securities class action
lawsuit was filed in the United States District Court for the Eastern District of New York against Command Systems
Inc.(''Command'' or the ''Company'')(NASDAQ: CMND - news), certain officers and directors of the Company, Cowen &
Company and Volpe Brown Whelan & Company, LLC on behalf of all purchasers of common stock during the period March
12, 1997 through April 29, 1998, inclusive (the ''Class Period'').
The complaint alleges that defendants violated the federal securities laws (Sections 11, 12(a)(2) and 15 of the Securities
Exchange Act of 1933) for making material misrepresentations in the Registration Statement and Prospectus that was filed with
the SEC and distributed to investors. Defendants, knowing that the business of providing year 2000 services is one of the most
closely followed by investors, made false and misleading statements regarding its business and strategy so as to attract as much
interest as possible in its IPO. Defendants further misrepresented the timing, cost and motivation of its efforts to expand its sales
and marketing presence as well as the expansion of its Overseas Technology Center. These misrepresentations gave investors a
false sense of the Company's earning potential for 1998 and 1999.
Only six weeks after the IPO and in conjunction with its first post-offering earnings report, Command announced a fundamental
shift in business strategy from that set forth in the Registration Statement and Prospectus. In addition, it became apparent that
other statements and representations contained in the Prospectus were also false. The price of Command's stock fell
precipitously, plunging over $13.50 from its six week high of $18.75 to a low of $5.12 per share a dramatic drop of over 57%
from the IPO price of $12.00 per share. The stock price has never recovered.
Plaintiffs seek to recover damages on their own behalf and on behalf of all purchasers of Command common stock. Plaintiffs
are represented in this class action by the New York law firm of Wechsler Harwood Halebian & Feffer LLP, which has
extensive experience representing shareholders in class actions and has served as lead counsel on behalf of shareholders in
many such actions. The firm's reputation and expertise in shareholder and other class actions have repeatedly been recognized
by the courts.
If you are a member of the class described above, you may, not later than 60 days from the date of this notice, move the court
to serve as a lead plaintiff, provided you meet certain legal requirements. If you wish to discuss this action, or have any
questions concerning this notice or your rights or interests with respect to this matter, please contact Scott A. Kamber, Esq. at
Wechsler Harwood Halebian & Feffer LLP, 488 Madison Avenue, New York, New York 10022, by contacting us through
our web site at www.whhf.com, by e-mail at skamber@whhf.com, by phone at (212)935-7400, or by facsimile at
(212)753-3630.
hmm class action lawsuit as well this makes me just love this stock until this lawsuit is over this stock will go nowhere
David |
