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Non-Tech : SOLOMON-PAGE SYMBOL -SOLP- -- Ignore unavailable to you. Want to Upgrade?

To: James W. Bradsh who wrote (210)	11/29/1997 10:04:00 AM
From: Thomas Kirwin	Read Replies (2) \| Respond to of 295

Way to Go Norman! Hello, In two individual SEC 13-D filings Mr. Norman Pessin has demonstarted his investment skills by achieving an average return of 100% on SOLP stock and warrants. The first filing lists the individual purchases while the second lists the sale. Way to go Norman! First filing......... sec.gov ITEM 5 Interest in Securities of the Issuer A) Norman H. Pessin is the beneficial owner of 265,000 shares which represents 5.01% of the 5,289,785 shares outstanding. Please note that of the 265,000 shares reported as beneficial ownership this number includes 160,500 warrants which expire on 10/20/99. Each warrant entitles the owner to purchase one share of Common Stock at an exercise price of $4.50. For purposes of this filing, Mr. Pessin is deemed to be the beneficial owner of the 160,500 shares into which the warrants are exercisable. In calculating the percentage of the shares outstanding Mr. Pessin owns, these shares into which the warrants are exercisable have been deemed to be currently outstanding in accordance with Rule 13d- 3(d)(1)(i). B) Norman H. Pessin has the sole power to dispose of 170,000 shares and has shared dispositive power with regard to 95,000 shares. Norman H. Pessin has sole voting power with regard to 170,000 shares and has shared voting power with regard to 0 shares. C) During the 60 days surrounding the event triggering this filing. Norman H. Pessin effected 14 open market transactions in the shares. The trade dates and prices are noted below: Trade Date B/S Shares Price 07/10/97 B 5,000 0.4062 07/23/97 B 10,000 0.4687 07/23/97 B 5,000 2.8125 07/24/97 B 2,000 3 07/31/97 B 2,500 3 07/31/97 B 10,000 0.5 08/07/97 B 10,000 0.5 08/08/97 B 10,000 0.4375 08/14/97 B 10,000 0.4375 09/03/97 B 20,000 0.3986 09/05/97 B 10,000 2.7812 09/08/97 B 20,000 0.4062 09/10/97 B 30,000 0.4218 09/10/97 B 5,000 2.875 ITEM 6 Contracts, Agreements, Understandings or Relationship with Respect to Securities of Issuer There are no agreements, contracts or understandings of any kind between Norman H. Pessin and any other person with regard to the shares or the issuer. Second filing......... sec.gov ITEM 5 Interest in Securities of the Issuer A) Norman H. Pessin is the beneficial owner of 110,000 shares which represents 2.14% of the 5,129,285 shares outstanding. B) Norman H. Pessin has the sole power to dispose of 0 shares and has shared dispositive power with regard to 110,000 shares. Norman H. Pessin has sole voting power with regard to 0 shares and has shared voting power with regard to 0 shares. C) During the 60 days surrounding the event triggering this filing. Norman H. Pessin effected 2 open market transactions in the shares. The trade dates and prices are noted below: Trade Date B/S Shares Price 11/04/97 S 9,500 3.7187 11/04/97 S 200,500 0.865 Please note that the 200,500 shares reported as sold were in fact warrants. As originally reported on Mr. Pessin's 13D filing dated September 17, 1997, these warrants entitled the owner to purchase one share of common stock at an exercise price of $4.50 with an expiration date of 10/20/99. In calculating the percentage of the shares outstanding Mr. Pessin owned, these shares into which the warrants were exercisable had been deemed to be currently outstanding in accordance with Rule 13d-3(d)(1)(i). ITEM 6 Contracts, Agreements, Understandings or Relationship with Respect to Securities of Issuer There are no agreements, contracts or understandings of any kind between Norman H. Pessin and any other person with regard to the shares or the issuer. I wonder if SOLP purchased these warrants from Norman? The fact that he now holds a substantial amount of stock jointly with his spouse could meant that he expects some more appreciation. Regards, Tom