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Technology Stocks : InfoSpace (INSP): Where GNET went! -- Ignore unavailable to you. Want to Upgrade?

To: KLP who wrote (25509)	3/6/2001 12:58:49 AM
From: Rational	Read Replies (2) \| Respond to of 28311

I use a more authentic source for insider trading of INSP stock. nasdaq.com`&selected=INSP&FormType=form4 But, you cannot find the GNET trades from any of these sources. I went through every GNET SEC filing since inception to find how many shares were issued to GNET founders, family members, and trusts and the records for selling of those shares. To find the proof, you need to see all those GNET filings still available at www.freeedgar.com. Quite frankly, if I were Paul Allen, I would have been very careful in getting sucked into GNET before studying the history of insider selling. Smart GNET shareholders did observe that GNET stock did not stay close to what PA paid even after PA's investment; this was due to dumping by trusts and affiliates of GNET founders. I cannot find today many technology companies in which founders have made significant new investments. Founders of Microsoft, Oracle, Ariba, Commerce One, and most other good technology companies are selling massive quantities of their shares at these depressed levels. True, Naveen Jain sold some of his INSP holdings at $50. But, he has now (in December) exercised 2 million options at approximately $10 million cash paid to the company and has made an open market purchase of 500,000 shares at $4 per share.