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To: JS who wrote (15545)12/9/1999 2:51:00 PM
From: Elmer Flugum  Respond to of 18016
 
Seeing any stock options being awarded to principals at this time?

Might be a clue to an impending buyout?

Len



To: JS who wrote (15545)12/9/1999 3:06:00 PM
From: Mavrick  Respond to of 18016
 
JS and WTSherman are both right: JS what makes you think that "the work around" to insider buying has not already been occuring here! and WTSherman, I agree totally that no insider would use their name to purchase shares from this point on.



To: JS who wrote (15545)12/9/1999 3:13:00 PM
From: WTSherman  Read Replies (1) | Respond to of 18016
 
<Who are you kidding? You've obviously never been close to a pending deal. There are lots of ways to get around these insider trading rules, and it happens everyday. <

In fact, I have been there and seen the process. Someone had posted that you would know when a deal was set because you would see the "insiders buying". What I said was that you would not see "insiders" buying. What I was referring to was insiders making reported buys, after they have info on negotiations or a deal. Its only the reported buys that would be visible and those are the ones I was talking about. Obviously, the word gets out about a deal and it results in buying on inside information. But, almost never by actual company insiders who have to report these purchases. Generally, the SEC doesn't worry about a thousand shares here or there. Or a few options here or there. However, serious buying of major amounts of stock or options does result in investigations.