Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Tech Squared (TSQD)- Internet Commerce -- Ignore unavailable to you. Want to Upgrade?

To: Joseph Waligore who wrote (674)	7/17/1998 10:45:00 PM
From: TokyoMex	Respond to of 2752

He needed the money ? He was leaving the company and was pissed off ? He got divorced ? He was stupid ? He didn't think IPO will ever come out ? He had no idea that internet hype would be so strong ? probably ,, all of above ,, that is why he is not a ceo any more ?

To: Joseph Waligore who wrote (674)	7/17/1998 10:51:00 PM
From: Quad Sevens	Read Replies (2) \| Respond to of 2752

<< This stock looks like a great winner, but why was the former CEO of the company selling so much? Maybe you guys have addressed this, but I don't remember seeing the answer. >> I have a theory that the underwriters advised Ronning to reduce his holdings in TSQD. I note that he now owns 49% of TSQD. That is just under a majority percentage. Hmmmm .... Ronning has a huge stake in DRIV directly and a bunch of options to buy DRIV at 3 bucks or something. I'm just guessing that Alex Brown and friends advised him to tone it down a bit. Frank: I don't buy your theory that he needed "salary". The selling was just too massive in a stock that was set to explode (hopefully). I have no real evidence for any of this. Just a theory. Wade