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To: LLCF who wrote (1693)	6/24/1998 11:10:00 PM
From: SemiBull	Read Replies (1) \| Respond to of 2946

<<Wow, interesting... do you think Papkens options were expiring and therefore HAD to exercise or does he know something we should be paying attention to? I cant believe he's selling here... he was just crowing (in that last conference call) about how the stock was trading .50 below book (18? 17.5?) and what a bargain it was... any one else listen to that? Then he turns around and sells? Maybe I'll call and ask what the hell he's doing... his options may have been expiring and he doesnt want to pony up the cash.>> I cannot say Papken's sale of 20k shares "inspires" me positively, but if memory serves me here, I also think the percentage he is selling of his equity in SVGI is very small (maybe very, very small)....which leads me to believe (if true) that this is to raise cash for personal reasons or the like. So I guess I am not spooked. If more insiders sell, I would take that as an alarm. Insider buying (CFMT for example) is more reflective of what management feels about their company - no personal issues at play when you put your money where you're mouth is. Also, remember, if Pappen is trading based on some "knowledge" beyond what is in the 10q, 10k, and/or general public, he is going to bog himself down in a shareholder lawsuit and/or potential SEC violations for insider trading. Just one man's spin....Semibull