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Microcap & Penny Stocks : Pacer Technology (PTCH) -- Ignore unavailable to you. Want to Upgrade?

To: WallStBum who wrote (488)	6/9/1998 2:57:00 PM
From: David K.	Respond to of 726

I don't know if there is a time limit to the 144 selling. Usually, the selling takes place soon after the filing. I checked the SEC rules and could not find anything regarding a specific time period. If Joe Brock filed a 144 form for 40, 000 shares, he could sell only thoses shares. I would imagine that the filing indicates that he would want to sell as soon as possible ( within the month). Perhaps someone else has more detailed information. The following is from edgar online concerning 144 filings: 144: This form must be filed by "insiders" prior to their intended sale of restricted stock (issued stock currently unregistered with the SEC). Filing this form results in each seller receiving an automatic exemption from SEC registration requirements for this one transaction. A Form 144 is NOT an EDGAR electronic filing; each 144 is filed by the seller in paper during the day at the SEC. EDGAR Online cumulates and adds all of the current day's 144 paper filings to our electronic database at the END of each business day. The value of the EDGAR Online end-of-day listing of 144's is that the first notification of a 144 filing sometimes is the precursor of other 144 filings. 144 sales frequently come in clusters caused by events such as the end of a "lock-up" period or stock options being exercised and can be used to successfully project the onset of increased "sell side" activity in the stock of the target company. Other uses of 144's include targeting individuals who will be coming into money and may wish to deploy such funds. Thus this timely information is the source of myriad business intelligence uses.