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Technology Stocks : Simulation Sciences (SMCI) -- Ignore unavailable to you. Want to Upgrade?

To: kvogel who wrote (93)	2/11/1998 9:25:00 AM
From: WTSherman	Read Replies (1) \| Respond to of 183

In comparison with other insider sales/lawsuits, I think this one will be different and not so easy to pursue. First, since the insider sales were through the secondary offering and this offering was initially developed, probably, sometime in the late summer the claimants would have to prove that management had knowledge at that time of pending problems. I don't think this would be so easy, if it were true the management would be guilty of securities fraud if they knew information regarding the prospects of the company, but, didn't divulge it as part of the secondary. Assuming they didn't know or the prospectus was fully compliant there is little basis for a successful suit. This doesn't mean that suits won't be filed or that they won't consume time and money...