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Non-Tech : Wolf Industries (OTCBB:WLFN)
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To: Amanda Marley-Clarke who wrote (39)8/13/1998 1:34:00 AM
From: Tony  Read Replies (1) of 114
 
Theres a hold on most of the shares. According to the 10QSB from 3/31/98, EX-10.4, para 15, 600,000 shares get registered and are phased into free trading status over the course of one year. 4.2 million are restricted under rule 144. (These being pre-split shares).

However, a large holder with a margin call makes a lot of sense under recent circumstances. Since nothing adverse happened to this project, I can't think of any reason someone connected to it would sell.

Thank you much,
-Tony
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