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

To: Instock who wrote (955)	2/22/1998 1:32:00 AM
From: Ken W	Respond to of 29382

Scott, Thank you Instock for the heads up. Funny how this kind of stuff NEVER gets posted by the co. on Biz or PR wire, huh!!! Will be watching closely for a trigger pull if things go bad. Since you are obviously not sleeping want to take a peek at GROW. A mutal fund management outfit that just came to NASD recently from OTC-BB Major vol. on Fri compared to avg. Price up 3/8...no news that I can find or reason for the sudden move. Ken W

To: Instock who wrote (955)	2/22/1998 12:19:00 PM
From: Wowzer	Respond to of 29382

Instock, thanks for the information on insider trading and pending investigation of CHGO's IPO. The insider selling I was aware of and here is the story: Luis Habrash and ASSI Inc. are one and the same. Luis is 100% owner of ASSI. And is the only insider who is selling. When the deal went public He and ASSI purchased a total of 651K shares at $5 who was a silent partner in the deal and not involved in the day to day activities. Also, I have been led to believe he is a very wealthy individual and this CHGO investment represents a very small percentage of his overall wealth. The filings make it look like Habrash and ASSI own 1.2 million together. This is not the case, combined they own 651K. Each sell and purchase gets double reported for him personally and for the company for some reason. Back in November CHGO filed with the State of Oregon for permission to install video poker machines in its Northwest restaurants, which management believes will be boost to cash flow. Since people have to wait hour to be seated, good chance they drop a few bucks in the machines while they wait. I agree with him, but hope it doesn't distract from the ambiance of restaurant. According to the CEO of CHGO (Paul Montenko), Mr. Habrash has deep religious beliefs against gambling and felt he does not want to own a stock with gambling involved. This is ironic since ASSI is incorporated in Las Vegas, but many companies incorporate in Nevada due to favorable state taxes. Also, according to the CEO there is no hard feelings between the two. According to the insider sales you posted this is the only insider selling. While Montenko has been buying small quantities in the open market. Also another positive is that a local Southern CA brokerage firm (THE SEIDLER COMPANIES INCORPORATED) has been buying up the shares Mr. Habrash is selling. Refer to: nasdaqtrader.com This URL shows a list of market makers activities. Based on the insider sales reports (btw where did you get this info, great stuff!) Mr. Habrash still owns a total 271K shares which could still be a drag on the price until he sells the rest. I see it as a good buying opportunity but I guess I'm a little biased since the company itself has excellent fundamentals and in my opinion strong management. Regarding the investigation, I have no idea what its about but have a good idea it's on the activities of Boston Group since they have definitely have had their problems. I will follow up on this issue and post what I find out. Thanks for the great info, Rory