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Pastimes : Georgia Bard's Corner -- Ignore unavailable to you. Want to Upgrade?

To: David Parkinson who wrote (1493)	5/4/1998 7:52:00 PM
From: Ditchdigger	Respond to of 9440

David,here are the definitions of form 144 and form 4. insidertrader.com Sorry I can't give you the Chicago definition of "very soon" <ROFL>,I think it's different than the one we use here in Vermont<lol>..DD

To: David Parkinson who wrote (1493)	5/4/1998 8:32:00 PM
From: Ga Bard	Respond to of 9440

144 ... Rule 144 ... A Securities and Exchange Commission rule stipulating that a corporate executive who owns a large amount of his or her firm's stock that has not been bought in the open market be permitted to sell a portion of the stock every six months following a holding period of two years without having to file a formal registration statement with the SEC. Also a security that has not been registered with the Securities and Exchange Commission and therefore may not be sold publicly. These securities frequently enter portfolios of institutional investors through private placements and are sometimes registered at a later date. Now registration and selling is two different functions. Most of the time there has to be board approval and 10K. Here is a site for insider trading .... insidertrader.com Now the complication here is the fact some compnaies over time have issue 144 ... two years later the stock tanks. Welcome to shooting yourself in the foot. GB