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Microcap & Penny Stocks : Syncronys Softcorp (SYCR) -- Ignore unavailable to you. Want to Upgrade?


To: Tommy Hicks who wrote (24806)1/17/1998 12:55:00 AM
From: Sye Walsh  Read Replies (1) | Respond to of 30240
 
Tommy
Any insider (an individual or entity who owns 10% or more of a stock)
who wishes to sell or buy shares must fill out a form 4. This must be filed by the 10th day of the month following the transaction. So at most we will see the transaction 41 days after it occures.


A form 144 is filled out when you are selling restricted shares (those that are given by the co (such as options) for one reason or another). You are correct in that they must be sold within 90 days unless the form 144 is ammended.



One final note. Many investors at SI feel that the SEC's EDGAR system is the place to look for insider trading. EDGAR filing for form 4s and 144s is optional and many trades never reach this online site.

Pardon me if you already knew all this.. Sye