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Technology Stocks : Thermo Tech Technologies (TTRIF) -- Ignore unavailable to you. Want to Upgrade?

To: DDS-OMS who wrote (4425)	7/8/1998 11:48:00 AM
From: Lawrence Burg	Read Replies (1) \| Respond to of 6467

OT:Thanks. Sorry to suck up your return w/this stuff... From CDA Investnet..."Amendments are no longer required should an entity's position drop below the 5% level." The SEC Act of 134, Section 13D, held @ the University of Cincinnati Law School site is specific to acquisitions crossing up through & over 5%. Dispositions aren't addressed too well. I would agree w/you that sale of any shares over 5% are reportable. You would think that the day an insider crosses below the threshold, he must file a 13D/A for those shared disposed, >5%. However, the insider is not longer an insider by CoB that day, so he may not. The interpretive question is then...is it all sales down to 5%...or status @ CoB? Have a query in to SEC... Is your answer "The sale that brings you below 5% would have to be reported." the same?