Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Biospherics - BINC - The explosion is near!! -- Ignore unavailable to you. Want to Upgrade?

To: IEarnedIt who wrote (48)	3/25/2000 5:32:00 PM
From: Fundamentls	Read Replies (1) \| Respond to of 94

I would be interested in the perspective of long-time BINCers on insider sales over the past year. On the one hand they don't look excessive, particularly relative to total holdings and considering the Levins are both in their 70's, and haven't been taking huge salaries. OTOH, if you were expecting a big "pop" this year based on GRAS, why sell now? Estate planning might be a convincing argument for their 1999 sales, but how do we explain the 100K shares sold (from the charitable remainder trust) last month? I don't recall the mechanics of CRTs, but even if they are forced to liquidate a portion annually, why do it in February if GRAS is expected in a few months? Anybody familiar enough with charitable remainder trusts who might be able to shed light on this? TIA Fund