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To: Alan Coccio who wrote (7807)6/26/1998 6:53:00 PM
From: Dave Gore  Read Replies (2) | Respond to of 10903
 
ALAN, please explain the last post you made. The last comment about who sold today begs a question.

To: +BigJake (7806 )
From: +Alan Coccio

ALAN, YOU WROTE: Friday,Jun 26 1998
<All that can happen is that the price can go down when they decide to unload those shares which they will at some point.>

I hope everybody realizes that you don't exercise warrants to SELL them right away. In fact you exercise warrants if you like the prospects and are HOLDING LONG.

If you wanted to sell, you normally just sell the warrants without exercising.

************ NOW THE QUESTION...

you wrote:
<The reason for the lack of movement this morning when all the (light) buying was going on was that Sherwood Securities had a bunch to sell and locked up the ask until he was done. It wasn't a huge amount though - only about 30,000 shares.>

How could you possibly know who was selling and how much? Please explain