SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : TSIG.com TIGI (formerly TSIG) -- Ignore unavailable to you. Want to Upgrade?


To: Chris who wrote (2136)7/15/1998 11:18:00 PM
From: Norms  Read Replies (1) | Respond to of 44908
 
Filing to sell and selling are two different things. You'll notice that they haven't sold. What a surprise. By the way, since many of these insiders got stock in exchange for services - I hope they sell in the double digits and make a killing. I would if I were in their shoes.

Consider payment in stock similar to getting paid by check. Imagine all the fools who work and then get a check for services rendered and then cash those checks. Shame on them. They shouldn't cash them. Right?

We'll be happy to answer any questions you have or feel free to call the company.

Norms



To: Chris who wrote (2136)7/15/1998 11:29:00 PM
From: Lee Walsh  Respond to of 44908
 
Maybe they "knew" it was going to skyrocket, and just want to be ready...

Lee

Form 144: Intention To Sell Restricted Securities
Form 144 filings are indicated by ''Planned Sale''. Form 144s must be filed as notice of the proposed sale of restricted securities. Restricted securities are those that are acquired directly or indirectly from an issuer or an affiliate in a transaction (or chain of transactions) not involving a public offering.
An insider may file a Form 144 and not actually complete the sale. If the sale was completed, the insider should have filed a Form 4, indicating the transaction was completed. Form 144s contain additional information which may be beneficial. The data includes the name of the brokerage firm, insider's address, phone number, and the dollar amount of transaction. The amount of stock an insider may sell is ''restricted'' by a number of factors, such as shares outstanding, trading volumes, etc.

The Form 144 must be filed prior to, or on the approximate date, of sale. When searching for Form 144s, keep the following considerations in mind:

The filing of Form 144 is not required in any case where the amount of stock to be sold during any three (3) month period does not exceed 500 shares and the aggregate sale value does not exceed $10,000.
If the seller does not sell all the stock covered by the form within 90 days after the filing, the filing process must be repeated before the commencement of further sales, except in cases where the passage of time has extended the seller's holding period.