According to the SFAD PR below.. Potenial 144 sellers total up to about 50 million shares...
Since there have been approx 14 million shares sold by "some" of these insiders in the past 5 to 6 months.. One can easily conclude that there are still 36 million 144's out there that can, and most likely will be dumped into the market soon.
So I say.. you better have some deep pockets and heavy buying to swallow up those shares.
Happy trading,
Israel.. " You can lead a horse to water" ill pass on the sulfer infested water you're serving cowboy.
edit: according to thier last 10QSB.. there are approx 750million shares out.. lol. bonne chance
Thursday February 18, 5:47 pm Eastern Time
Company Press Release
SOURCE: Safe Technologies International, Inc.
Safe Technologies International, Inc., Reports
Shareholder Information
PALM BEACH, Fla., Feb. 18 /PRNewswire/ -- Safe Technologies International, Inc., (OTC Bulletin Board: SFAD - news)
reported today that the Company has recently received many communications from SFAD Shareholders, asking if Management
knows who is selling the large blocks of stock during the weeks of February 8 and February 15, 1999. In answer to
Shareholders' questions, Management does not know who is selling; they only know who is capable of selling such large blocks.
Please, refer to the following information:
Management is aware of a new block of 144 Stock, some of which could have come onto the market, February 9, 1999. This
stock relates to an additional 7% of SFAD stock which was taken and allocated by former SFAD Management at the time of
the Reverse Merger and Reverse Split, February 9, 1998. This seven percent of SFAD stock is owned by the following
persons: Stanley Snyder, past SFAD President and Director (17,500,000 shares); Lawrence Feldman, past SFAD legal
counsel and Consultant (17,500,000 shares); New Amsterdam Investment Trust, Warren Gilbert, Trustee, Finder's Fee,
(7,054,772 shares); Neil Moskowitz, Finder's Fee, (3,527,286 shares); Bob Weinberg, Brokerage's Fee, (3,527,286 shares).
See ''Consultant's Fees'' and ''Brokerage and Finder's Fees'' in the SFAD Proxy Statement, dated January 30, 1998, Page
14. None of these shareholders consented to entering into Shareholders Lock Up Agreements.
Management is concerned about these large recent sales, however it should be noted that the volume of these sales is expressly
permitted under Rule 144.
Management's attention and focus is concentrated on further development; in what Management hopes to achieve; in turning
SFAD into an E-Corporation before the Year 2000; integrating the new acquisition, Internet Associates, Inc., into the
operations of the Company; and assisting Internet Commerce, Inc., with the further development of IN CyberMall.com and
CyberMalls Castle Store. SFAD stockholders, understanding Management's philosophies, concepts, and goals toward building
a solid, sound business entity for the Company for the long haul, are hopefully cognizant of the timing and assiduousness that
should be imposed to reach stated goals and will support Management's efforts to that end.
Safe Technologies International, Inc., based in Palm Beach, Florida, is a multi-faceted company with multiple areas of
concentrations: Internet, Technology, and Heath Care/Wellness.
SOURCE: Safe Technologies International, Inc.
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