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Strategies & Market Trends : Fatty's Donut Shop -- Ignore unavailable to you. Want to Upgrade?

To: Selfmade$ who wrote (1661)	6/9/1999 7:36:00 PM
From: Matt Brown	Read Replies (1) \| Respond to of 5041

THE GOCA EMAIL WAS RIGHT!! :) Sorry I"m a little excited, but this is big news. Hopefully, this will clear up a lot of questions. It appears that this Ruge guy is NOT SELLING! None of the Insiders are selling... Let me start off by posting the 2 emails that I received yesterday... (I will remove the name for privacy) Just saw a post on your thread about the "clan Ruge" selling off... I would like to explain the situation in case you wish to pass it along. There was, with the original company a float of restricted shares because original investors were Canadian, prior to going public. I also have just filed for release/sale via 144... this is something that must be done to unrestrict the shares. judging by recent volumes... nowhere near 1M as stated sold by the family Ruge... i would guess that they were just "released" as i will be doing this week, i am not selling... but unfortunately for the company it shows up as a sale even if the shares are maintained in the holders account. As for the float that was dished out originally... you'll have to ask mike or mark... i do know that the original # of shares was consolidated to 1/2. I have actually been increasing my position ( if you recall i had said i was going tosell after 1Q #'s and buy prior to 2Q #'s) but the rise was not as significant as i had expected, thus will hold and buy prior to 2 Q good luck, and check the original float out... i dont believe it was that significantanyway, but facts are better than thoughts... Great Thread! p.s. do u know if the # of registered gamblers has gone over 10000 ? And.... Forgot to mention, i believe Ruge holds somewhere in the range of 3-5MM shares, i wouldn't be surprised to see more 144's, however the fact that he is confident enough to release this many shares with public knowledge means something HUGE must be up! it'll be great when they become regular filers, to review the balance sheets and do the #'s in the differentareas. later :) Very quickly, I forwarded the emails to Mark G of GOCA to confirm this...Here is the reply that was sitting in my email box this morning.. Hi Matt, We have received a number of e-mails asking the same question. Please post this on your thread for other shareholders to see. Thank you. 1) The insider report shows that the Ruge Family Trust has a planned sale of two certificates of 500,000 shares for a total of 1,000,000. The actual amount of shares is not 1,000,000 but just the one certificate for 500,000. Who ever reports insider information made a mistake by double counting the single 500,000 share certificate. 2) Whenever a "planned sale" is reported it means that those shares were previously restricted and are now free trading. It does not mean they will be sold. If there are anymore questions please do not hesitate to contact me. Regards, Mark --- I have learned that the Canadians must file the SEC 144 just to free up their shares for American Exchanges. It in no way means they are even thinking about selling! The stock was restricted, but now is freely trading. This is huge news in my eyes! It seems that everybody thought the Insiders were bailing out! I kept on thinking to myself..Why in the world would somebody sell this stock with growth like this... Many thanks to my friend that emailed me..I will give out his name is he chooses, but I didn't want to violate his privacy. GOCA was up nicely on big volume for a no-news day... FM