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Biotech / Medical : SANGUINE CORP. (SGNC) -- Ignore unavailable to you. Want to Upgrade?

To: RBM who wrote (1687)6/24/1998 5:21:00 PM
From: Turboe  Respond to of 5402
 
He told me that it was for payment to the Smiths... Notice there is no sale price next to it...



To: RBM who wrote (1687)6/24/1998 5:23:00 PM
From: Gwolf  Read Replies (1) | Respond to of 5402
 
There is a difference between filing a registration and actually selling. None of these shares have been sold. If an insider is transferring ownership they have to file before the transfer can take place. The transfer of ownership is not a sale, but does require that a filing take place. The filing is good for 90 days and if you follow this you will see insiders filing and then no selling actually taking place. Make sure you know the difference.

Gwolf



To: RBM who wrote (1687)6/24/1998 5:25:00 PM
From: Hyrulean King  Respond to of 5402
 
My guess is that those shares were sold for $$$ to keep the cash flow going for expenses to keep the co going for a while. Dr Drees told me that they would never sell any shares for personal profit..but i can always ask the question.

chief


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