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Biotech / Medical : Ergobilt (ERGB) - Ergonomic Chairs -- Ignore unavailable to you. Want to Upgrade?

To: Cosmo Daisey who wrote (793)	3/27/1998 10:05:00 AM
From: Scott D. Hakala	Read Replies (1) \| Respond to of 900

Coz, Your facts on the stock Gerald bought on margin are not quite correct. The shares Gerald bought were restricted shares (Rule 144A). Those shares could not have been sold or traded in the market. Also, Gerald had agreed to buy those shares well before the trade was consummated or reported and agreed to pay what was a full price at the time he agreed to buy the shares. There was no thought about the effect on the market price of the stock. Gerald simply believed that the Company was undervalued and wanted to increase his position. Similarly, the shares Gerald sold the other day were in an institutional sale and not dumped on the market. My understanding is that those may still be Rule 144A shares.