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Biotech / Medical : ORTC Ortec International -- Ignore unavailable to you. Want to Upgrade?

To: fut_trade who wrote (47)	12/31/1997 6:08:00 AM
From: fut_trade	Read Replies (1) \| Respond to of 272

RE: STOCK OWNERSHIP Joseph Stechler & Company, Inc......... 1,563,766 1,107,130 Soros Fund Management LLC.............. 679,200 679,200 Mark Eisenberg......................... 598,000 598,000 Ron Lipstein........................... 323,606 298,606 Alain Klapholz......................... 308,607 298,607 Steven Katz............................ 298,507 248,507 Dawson-Samberg Capital Management, Inc. 342,679 311,526 The Travelers Indemnity Company........ 307,692 307,692 Strong Capital Management, Inc......... 305,000 305,000 Home Insurance Company................. 288,818 161,111 Judah Wernick, Patterson Travis, Inc... 252,500 0 SHARE RELATED INFORMATION SHORT INTEREST INFORMATION Market Cap. ($) 62.138 Mil Current Month 0.003 Mil Shares Out. 4.971 Mil Previous Month 0.018 Mil Float 1.300 Mil Short Interest Ratio 0.1 Day INSTITUTIONAL & INSIDER OWNERSHIP PURCHASES SALES NET PURCH %OWNED Institutions (3 Months) 0.887 Mil 0.161 Mil 0.726 Mil 25.6% Insiders (6 Months) 0.000 Mil 0.000 Mil 0.000 Mil 73.8% I am pretty sure that those 200,000 shares were from someone exercising Class A Warrants obtained from purchased stock units consisting of one share of common stock, one Class A Warrant, and one Class B Warrant. Since the stock was sold at $11, that leaves $1 dollar profit. Given that the exercise of these warrants dropped the stock price by more than $1, I think the exercise of these warrants actually resulted in a net loss for that person. Peter