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Microcap & Penny Stocks : NETZ - gets deal with DEC! future 100 bagger? -- Ignore unavailable to you. Want to Upgrade?

To: DGMAC who wrote (1446)	12/19/1997 12:19:00 AM
From: milesofstyles	Read Replies (1) \| Respond to of 1702

it looks to me like there were some nice buys following some of those sells as well though, referring to the activity at .19

To: DGMAC who wrote (1446)	12/19/1997 12:56:00 AM
From: DGMAC	Read Replies (1) \| Respond to of 1702

Talking about how some people take insider trading seriously, here is something interesting: Securities Class Action Suit Filed Against Oracle Corporation, Its Chief Financial Officer and Its Chief Operating Officer Alleging Misrepresentations and Insider Trading SAN DIEGO--(BUSINESS WIRE)--Dec. 18, 1997--A securities class action has been commenced on behalf of purchasers of the publicly-traded securities of Oracle Corporation (Nasdaq:ORCL - news; ''Oracle'') between April 29, 1997 and December 9, 1997 (the ''Class Period''). Plaintiffs charge Oracle and its Chief Financial Officer and Chief Operating Officer with violations of the securities laws. Plaintiffs allege that during the Class Period defendants artificially inflated Oracle stock . . . the complaint alleges that defendants continued to assure investors that Oracle's first quarter was merely an anomaly and the Company's strong growth in applications and database revenue was on track . . . and finally, on December 9, 1997, defendants were forced to reveal that, in fact, Oracle was seeing little if any growth. . . Oracle's stock immediately collapsed . . . as the market digested this bad news. Before the truth about Oracle's failures came out and Oracle's stock price collapsed, five Oracle insiders sold over 800,000 split-adjusted shares of their Oracle stock at artificially inflated prices as high as $38.86 per share, pocketing over $28 million in illegal insider trading proceeds, including some $7 million in Oracle stock sold by COO Raymond Lane within weeks of Oracle's disastrous December 1997 announcement. Plaintiffs seek to recover damages on behalf of all purchasers of the publicly-traded securities of Oracle during the Class Period (the ''Class''). Plaintiffs are represented by several law firms, including Milberg Weiss Bershad Hynes & Lerach LLP, who have expertise in prosecuting investor class actions and extensive experience in actions involving financial fraud. Milberg Weiss has been actively engaged in commercial litigation, emphasizing securities and antitrust class actions, for more than 20 years. The firm has offices in New York, San Diego, San Francisco and Los Angeles and is active in major litigations pending in federal and state courts throughout the United States. The firm's reputation for excellence has been recognized on repeated occasions by courts which have appointed the firm to major positions in complex multi-district or consolidated litigations. Milberg Weiss has taken a lead role in numerous important actions on behalf of defrauded investors, and has been responsible for a number of outstanding recoveries which, in the aggregate, total approximately $2 billion. Visit the firm's website at milberg.com Milberg Weiss at 800/449-4900 or via e-mail at wsl@mwbhl.com .