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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: If only I'd held who wrote (98807)	9/22/1999 6:19:00 PM
From: InvestLady	Read Replies (1) \| Respond to of 119973

Insiders to a company have to file a 144 before they can sell and then have a certain amount of time after that to do it. So, obviously these people knew about the news and were prepared in advance to sell. CPQ is getting questioned for the same thing and has many lawsuits. To just say,"Hey I would do it too", does not make it okay that a company obviously mislead investors and sold into hype that they knew they could not sustain. Of course, this happens two to three times a day, but not all P&D's have insiders selling into the pump. I can handle traders and investors doing it, but for a company, it just seems ugly. My last comment also on the subject. By the way, a person involved with this and the biggest seller(BIKR) is involved with an IPO coming out in Oct. A Robertson & Stephson IPO. You called them P&D ers earlier, is this true? If so, the combination of both those parties will keep me from that IPO. Any comment appreciated. Thanks!