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Technology Stocks : Westell WSTL -- Ignore unavailable to you. Want to Upgrade?

To: bill c. who wrote (7443)	10/31/1997 8:32:00 PM
From: g.w. barnard	Read Replies (1) \| Respond to of 21342

bill, this is wide open in terms or possibilities??? it is beginning to sound like a positive development. gw

To: bill c. who wrote (7443)	10/31/1997 8:36:00 PM
From: bill c.	Respond to of 21342

[ Shelf Registration defined ] A shelf registration is a registration under which unregistered shares (i.e. the shares given to creditors last year) can be sold to the general public (only if they are given a copy of the shelf, of course). This is like an IPO, but it isn't an initial offering and it doesn't happen all at once in that the shareholders in the shelf can sell their shares at any time as long as the shelf is still active. What this means for RDUS is that of the 54million shares issued under to the creditors, 16 million shares remain, but they can't be readily sold on the market unless another registration is made, or unless they follow Rule 144 (which limits the sales of unregistered securities). exchange2000.com