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Biotech / Medical : CLZR:a potential 10 bagger?
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To: Ariella who wrote (68)7/31/1998 11:25:00 AM
From: Bob Davis   of 315
 
Ariella,

I believe that you are referring to Shimizu Kenji, who exercised a substantial number of options in March, and concurrently sold sufficient stock to allow him to pay for the options exercised. As a result, Mr. Kenji appears to have added an additional 10,000 shares to his portfolio.

This is very common and should not be seen as an indication that an insider is "dumping" the stock.

Bob Davis
The Napeague Letter
napeague.com
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