To: Gary E Stein who wrote (28834 ) 2/25/1998 1:00:00 PM From: X Y Zebra Read Replies (1) | Respond to of 41046
>>Just talked to Tom Russell. He said that was a Form 144 which states he can sell all his shares if he wants to. The handling firm(Wilson Davis and Co.) automatically multiplys the total number of shares available times the current market price. It looks like he sold them all.He did not. He said he sold some for tax reasons but could not tell me how many...I since talked to Helen and she couldn't confirm the sale but assumed he sold about 10% of his holdings.<< Mr. Stein, Given the fact that you addressed your post to whom you did, I am interested in clarifying further your research. You took the trouble to do what you explained above, but in my eyes, you are somehow short in the explanation of the findings, I am interested in learning your opinion of these findings, as follows: Since you talked to Mr. Russell himself, did he give you the impression that "he is jumping ship" leaving us suckers holding an empty bag? Was his voice inflexion "matter of fact" kind of expression?, was he concerned?, was he answering your questions out of courtesy, since, after all you are meddling in his personal affairs? I mean, yes he is an officer of the company and yes he is obligated by law to file with the SEC as you confirmed, but I am not aware that he must confess to every shareholder as to his personal reasons/motivations of his financial activities, or is he? I am also interested in what you mean by, I quote: "The handling firm (Wilson Davis and Co.) automatically multiplies the total number of shares available times the current market price". The above would yield a dollar volume NOT total number of shares, am I missing something? The reason I am interested in the above is that perhaps this would put to rest once and for all the issue that officers, owners, directors of companies are human beings with similar needs as that of the regular shareholders. This means that from time to time, they may have the desire to enjoy (how dare I say that!!), the fruit of their efforts. This does not mean that the company they work for is ready to tank. Other research would uncover the real status of the company in question. In stead of merely focusing in the single isolated event of the sale of shares by a specific individual and further placed the issue with willful innuendos of wrong doing. Frankly Mr. Stein, had I been in Mr. Russell's place, I would have told you that the reason of my actions are exactly none of your bee's wax.... Luckily for the good name of FTEL, I am not Mr. Russell, nor I work for them either, my inability to perform proper "PR" is only surpassed by my intolerance to idiots, and just to be sure, Mr. Stein, I am NOT directing this remark to you. I am simply putting questions to you, since you took the trouble to do what you explained, but I feel the explanation was somehow short, so others, with less initiative, might not get the benefit of your work.