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Biotech / Medical : Matritech (NASDAQ - NMPS)
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To: Damon Pham who wrote (363)2/6/1997 9:30:00 PM
From: William J. Leiby   of 849
 
Hi,

Well, no, its not really a drop in the bucket for Corbett with respect to his holdings. Because he now ONLY owns a little over 3000 shares. That's all (but not counting any options). I know there are a lot of academic writings on insider selling, but its been my experience when an officer sells most of his holdings, I do not expect any stock price appreciation any time soon. I am still bullish on this stock but it's going to take a good deal of time for any sustainable and solid price gains.

Bill
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