Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Redhead who wrote (363)	2/2/1998 9:32:00 PM
From: Cary C	Read Replies (1) \| Respond to of 29382

STCL..... Hi Redhead, first of all I would look for the company to report in the middle of February sometime possibly the end since its the year end report. I looked at the form 4 that was filed by the Chairman of the Board. I was surprised that he would be buying shares at those prices when he could buy them under his options with the company (33,333 @ $3.675 and 25k @ 3.125) He also can purchase over 598k warrants ranging from 480K @ $1.72 to 58,333 @ $3.00). I'm sure all of the other form 4's that were filed are along the smae lines probably just not as many shares. In this filing it looks like the majority of the insiders are filing to sell there shares. Boy was there alot. Mr. Autorino was selling alot in here also. There again, why he is buying more shares, I don't know. Some of the stock they will be selling will probably beto buy warrants that they were granted by the company. The way I read this, it will put over 5 million shares that were held by insiders or companies into the public float. Thats pretty scary! Here is the link. I'm interested to here yours or others thoughts. edgar-online.com I'm also concerned about the news release pertaining to Salomon Brothers. biz.yahoo.com This sounds to me that they will be offering more shares. This is what I went to the filings for in the first place but I could not find anything on it. Cary