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Technology Stocks : Information Architects (IARC): E-Commerce & EIP -- Ignore unavailable to you. Want to Upgrade?

To: sibe who wrote (3466)	11/24/1997 5:15:00 PM
From: Jeffrey S. Mitchell	Read Replies (1) \| Respond to of 10786

It is my understanding that the Reg -S restrictions to which you refer were automatically lifted 40 days after the approval by the SEC that made ALYD a reporting company. Hence, those shares are/have been all available to sell. I've tried the best I can to find out how many Reg -S shares are still outstanding, but that's a near impossible task. In the September instance, judging from the low number of shares that were sold, the impact on the stock price was probably more psychological than fundamental as it dashed all hopes that Q3 would be profitable. Couple that with the possible desire of certain fund people to take profits before year end to boost their rating and that spelled temporary disaster for the stock price... unless you took advantage and bought more (like I would have done had I had any free money). - Jeff