Audio and Radio on the Internet- NAVR Message Board

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Technology Stocks : Audio and Radio on the Internet- NAVR

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To: LTK007 who wrote (8250)	2/18/1999 4:38:00 PM
From: AJ Berger	Read Replies (4) of 27722

Dickenson SOLD 59% of his holdings 01/29/99 you should check your facts, Max! 122,000 / 206,640 = 59% insiders.mw.cnation.com One possible scenario is that after seeing the stock going to $20, this Director knew the IPO filing would not be done within the 60 days they claimed on CNBC they would achieve. So he took his money and ran! Another possiblity is with the 60 days running out, some insider lost faith that it would even happen, and dumped. Then, the underwriter got them to put out the press release last week saying the S-1 filing was in a matter of weeks to buy them more time to put this deal together. Who's to say the other crooks who filed to sell on 02/03 and 02/04 did'nt dump their shares as well. Damn, I was about to double my position at $12.75 but with this new information, maybe I'll keep that cash under the mattress. As this news spreads, I imagine NAVR will get a lot cheaper till the actual S-1 filing hits. With this bastard selling 59% of his stock, confidence in this IPO will hit new lows despite last weeks press release to the contrary. $10 anyone?

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