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Technology Stocks : Firstwave Technologies, Inc. (FSTW) -- Ignore unavailable to you. Want to Upgrade?


To: Roger A. Babb who wrote (1122)6/4/1998 10:11:00 PM
From: Allan F  Read Replies (2) | Respond to of 1205
 
I noticed FSTW filed an S-8 yesterday for 400,000 shares.

www1.freeedgar.com
(Use BROC for the ticker.)

Does anyone know exactly what this means? From what I can tell they are using them for exercised employee stock options. After registration will these then be unrestricted? Methinks 400,000 shares could cause a slight drop in stock price.

-Allan

BTW, ever wonder how much of the float SI'ers own?