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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling -- Ignore unavailable to you. Want to Upgrade?

To: George the Greek who wrote (2082)	6/12/2001 8:52:48 PM
From: Jim@Inland	Read Replies (1) \| Respond to of 6873

I think you are referring to the shares filed to be sold under the form S8. This is a filing by existing shareholders and I don't think ADLR received any of the proceeds of these sales. ADLR did a reverse split prior to the IPO last year. They converted 91,298,900 shares into 18,783,200 shares for wich the company received 80,165,000 or 4.26 per share. They then did an IPO and sold 6 million shares for 15.00 each, for net proceeds of 83,700,000. Since recent filing show pages and pages of filings by insiders to sell their shares, including the 6 million shares you refer to, (600,00 in one of two filed form S8's, and 2.44 million in the second filed form S8)I find it astonishing that in light of all this insider selling the stock price goes up and up and up? I was told to do what the insiders are doing, so I'm selling ADLR. Cheers JIM