Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Westell WSTL -- Ignore unavailable to you. Want to Upgrade?

To: Anthony Tsai who wrote (11621)	6/18/1998 10:10:00 AM
From: Zephod	Read Replies (1) \| Respond to of 21342

Anthony; Thanks for posting the Bloomberg mention. I think we pretty much know what happened yesterday. Every time the stock looks like it wants to reverse direction Seamans starts unloading. Not only does he depress the price with the sheer volume of his sales but he also causes other investors to be forced out of their positions by margin pressures in addition to creating an air of uncertainty surrounding the company. His selling at these low levels IMO is unconscionable and shows no respect for the employees of and the company that's made him a wealthy man. By my rough calculations he has around 1.05 million shares left. The Class B shares which he's selling now have to be offered to members of the trust before he can sell. I wish they would just buy him out and be done with him, not only would it preserve the integrity of the voting shares but it would show some faith in the future prospects for the company.