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

To: Jake who wrote (50)	12/31/1997 6:12:00 PM
From: fut_trade	Respond to of 272

There was strong buying at the end of the day -- perhaps institutions beginning to load up for the new year? However, I'm not so convinced about the upward movement in stock price. For instance, let's say someone exercised 200,000 Class A Warrants yesterday just before close. The MM immediately drops the bid to buy those shares at the lowest possible price, $11. Now, if we are in a buyers market (very few sellers) the MM stands to gain by raising the ask price from $12 to $13+, thus making about 15% profit in one day. This is just speculation though. At any rate we consumed 20% of that 200,000 batch from yesterday. Once the rest of the batch is consumed, we will hopefully be in the 15s. Peter

To: Jake who wrote (50)	1/6/1998 5:39:00 PM
From: fut_trade	Read Replies (1) \| Respond to of 272

Heeeee's Baaaaaack! Date: January 06, 1998 SOROS FUND MANAGEMENT LLC ANNEX B RECENT TRANSACTIONS IN THE COMMON STOCK OF ORTEC INTERNATIONAL, INC. Date of Nature of Number of Price Per For the Account of Transaction Transaction Shares Share ------------------ ----------- ----------- --------- --------- Quasar Partners\1\ 12/19/97 BUY 10,000 13.031 12/22/97 BUY 5,000 12.562 12/23/97 BUY 2,600 12.562 12/29/97 BUY 5,000 12.812 12/30/97 BUY 10,000 12.843 12/30/97 BUY 3,000 12.924 12/31/97 BUY 25,000 12.807 01/05/98 BUY 3,000 13.250 -------- 1 Transactions effected at the direction of JS&C.