SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Biotech / Medical : SABRATEK CORP (SBTK) -- Ignore unavailable to you. Want to Upgrade?


To: Kevin Podsiadlik who wrote (351)7/19/1999 10:36:00 PM
From: mod  Read Replies (1) | Respond to of 487
 
Kevin,

You got a few facts wrong there. There will be no quick dumping of the Ralin shares (though of course the profits above $21.11 go to SBTK).

If you had actually read the filing, you would have seen the restrictions on Ralin:

10-kwizard.com


o Ralin may not sell or transfer more than 100,000 shares during
the first forty-five days following the effective date of this
registration statement

o Ralin may not sell or transfer more than 20,000 shares during
any trading day

o Ralin may not sell or transfer more than 60,000 shares during
any calendar week;

-13-

o Ralin may not sell or transfer more than 180,000 shares during
any calendar month; and

o If the closing share price for Sabratek stock on any trading
day is at least $22, then the weekly and calendar month volume
limitations will not apply to the next following trading day,
provided that Ralin does not sell more than 15,000 shares on
that day.



To: Kevin Podsiadlik who wrote (351)7/19/1999 10:46:00 PM
From: mod  Respond to of 487
 
Kevin,

Since all your friends seem to have left this board, and Pluvia is nowhere to be seen, I'll ask you this question:

Why did SBTK's auditors reaffirm their past SBTK audits just a few days ago:

10-kwizard.com

After all those nasty allegations from Pluvia/Milberg, the auditors must have investigated them. Yet they are standing by their numbers!

The short case is dead, there will be no auditor resignation, no trading halt. The Pluvia/Milberg Weiss lawsuit is a loser, as is anyone who listened to that dynamic duo and shorted SBTK.

Don't be the last short to cover.

mod