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Gold/Mining/Energy : Unitec Int. Controls Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Technopeasant who wrote (464)	6/19/1998 12:59:00 PM
From: C Bunka	Respond to of 856

Of course, I don't KNOW that it is ex-insiders who are selling, but I am speculating that it is so. To further that speculation lets consider their motives: Raising cash for their next adventure. "Punishing" John Smythe for not toeing the line. Putting the past behind them. No matter what, I expect everyone has a minimum price they are willing to sell at. Perhaps we have seen that level. Perhaps also ex-insiders are disappointed that a heavy wave of retail selling has not accompanied their own, allowing them to pick up panicking retail investor's stock at discount prices. I don't know exactly their motives. But yes, lots and lots of bids have stacked up in the low '20's and the offer has lessened somewhat. As noted earlier, I have never sold a single share of Unitec stock and am not planning on doing so for a long time to come.