SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : ATPX: Lunn Industries and Technical Products Group merge. -- Ignore unavailable to you. Want to Upgrade?


To: rci who wrote (1644)6/3/1998 7:15:00 PM
From: Sergio H  Read Replies (2) | Respond to of 1923
 
JR, I've confirmed Pilot's post last night about insider sales. It is Equus and none of the selling was in open market trades. They've all been arranged trades through Hoak and Breedlove, the main Market Maker for ATPX and you might recall, the analyst with a buy rating for the stock. A call to Harvey at Focus Partners or to the Company will confirm what I am posting.

The shares being sold by Equus can be seen as both a positive and a negative. The postitive is that there are willing and ready buyers for the large blocks as they become available. The negative is that a newcomer researching this stock may be put off by the insider selling.
We've known all along that Equus wanted out and why, so this is no surprise to us.

Today's news release about the acquisition of the French firm was as
previously detailed in the annual report. The press release did contain some additional information except no price amounts. Opening up ATPX's exposure to the European market is a wonderful strategic move.

I'll be calling Harvey either tomorrow or Fri. with some questions, but overall, I'm very pleased with the events as they are unfolding and continue to feel very bullish about this stock.

Sergio