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Biotech / Medical : CYBR CyberCare the new look of healthcare -- Ignore unavailable to you. Want to Upgrade?


To: surelock who wrote (1519)5/5/2000 1:12:00 PM
From: StockDung  Read Replies (1) | Respond to of 3392
 
John Haines was like Fred McMurry at the demo--> John E. Haines 2,100,666(3) 2,100,666(3) 0 2%



To: surelock who wrote (1519)5/5/2000 1:58:00 PM
From: sommovigo  Respond to of 3392
 
Surelock, without 144's you have no case. None. Zip. Zero. Produce 144's for those share amounts, or this means zilch to the long investor.



To: surelock who wrote (1519)5/5/2000 6:48:00 PM
From: Murray_Mac  Read Replies (2) | Respond to of 3392
 
surelock, it is time to educate........

On insider selling, in reference to a poster on Raging Bull;

It looks like you may of been had by the more sophisticated bashers here. You are entitled to sell your shares anytime you want and I wish you the best of luck in your investing career.

But I think you may be a little misinformed with statements like this.....

>>>I don't know Mr. John Haines, do you? From an investment point of view, regardless of the fact whether he chooses to sell his shares or not, the proof is there that the notion is crossing his mind. <<<

I think it is time to set the record staight on what a S3 is really all about. And I'm sorry to say that you are actually finding out a little to late. I have seen the post by Crimes and Realityman and others but they are not protraying a very clear picture here.

A S3 filing is for the sole purpose to enter onto the books if you will, outstanding shares that were generated either for an acquisition, exercising of warrants, exercising of options, exercising of convertabile debentures and fianancings such as private placements.

It is a registering process!!

It's a shame that the standard lingo is "resale" in these documents, but how else would you expect to register shares on the company books without some form of filing and that is all it is.

Can John Haines sell his shares now that they are regisiter??

Yes and No!! Once shares are register as part of the company's total outstanding, they are entitled to do with them as they please. As long as they file a Form 144 in advance of any insider sell. And then they only have 90 days to fill that order or they will have to file yet another Form 144.

But in the case of John Haines, he CANNOT sell any of his shares and I mean NONE for one year after the competition of the CyberCare Technologies acqisition. That was the deal that was struck with MIOA at the time. And even the SEC specifies certain times frame for restricted shares. John Haines even if he wanted to and he doesn't, cannot sell his shares until Aug 26, 2000 at the earliest. And I am willing to bet he doesn't even sell any shares until 2001, for if anyone knows the true potential here.....it is him. But that is besides the point........that you missed and I am truly sorry you were not prevey to the truth.

RECAP; Just because a shareholders shares were regisitered in a S3 or S3/A, they may NOT be entitled to sell their shares on the open market. There are many forms of restrictions and insider trading policies that over-ride a S3. And that is particularly true for shares granted for an acquistion or insiders trading.

A S3 is for the sole purpose of getting those shares entered onto the company register, meeting SEC requirements, and nothing more.

A S3 DOES NOT mean anyone of them is ready to sell their shares. Only a Form 144 would constitue such an intent.

This is the Bottom Line and I am sorry many of have been caught in the bashing but insiders are NOT selling, unless of course you consider Paul's 7,000 shares of less than 1% of his total holdings insider selling. Mike has a strict policy that only allows a two week window of opportunity after quarterly releases and only if they are not prevey to inside negoiations, unless of course you consider Paul's 7,000 shares sold of less than 1% of his total 2 million holdings.

Murray

(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)