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Microcap & Penny Stocks : THNS - Technest Holdings (Prev. FNTN) -- Ignore unavailable to you. Want to Upgrade?


To: De Peepster who wrote (6431)9/18/1998 8:49:00 PM
From: TsioKawe  Read Replies (2) | Respond to of 15313
 
FREE DON ...FREE DON....FREE DON....EOM



To: De Peepster who wrote (6431)9/18/1998 10:13:00 PM
From: Jim Porter  Respond to of 15313
 
Open Message to All,

If anyone is still concerned about "insider selling" and "144's", please look at the following:

Business Summary: Republic Industries, Inc. (NYSE:RII) is a holding company whose subsidiaries operate in the solid waste services, automotive rental and automotive retailing industries. Revenues for the six months ended 6/30/98 increased 75% to $7.79 billion. Net income from continuing operations increased 91% to $204.5 million. Revenues reflect the acquisitions of several businesses. Earnings also reflect the absence of $94.1 million in restructuring charges. ( biz.yahoo.com )

Insider Trades - Republic Industries Inc biz.yahoo.com

If you really want to see how an insider can benefit from - LEGALLY - selling shares, click on the name of DEGROOTE MICHAEL G.

Notice his Title, the Number of Shares he has remaining, and the type of transactions that took place:

..... (S) = Sold,
..... (C) = Exercised Warrants, and
........... Gave as Gifts (I guess he forgot to put me on his gift list - AGAIN)

Also, please notice that all of the stock recorded as sold, under his name, was classified as (i) Indirect Holdings (holdings that are controlled by the insider, yet are held by another entity such as a family member, a trust, a company plan, or even a corporation to which the insider is affiliated. In many cases, the same block of indirect stock may be claimed by several insiders, such as a group of trustees over the same trust, or several partners in the same partnership. Some insiders hold all of their stock indirectly.

While serving as an indirect holder, I do not know who Mr. Degroote represents but - What a PAY DAY !

.....-jp

PS: Cliff and Watcher, this is why a person works their butt off to be either a business owner, part of management, or a Member of the Board.

PSS: The eagle eyes of some will notice that there is no record of 144 filings for the shares indirectly held by Mr. Degroote. I'm as interested about this as anyone else might be. For the past twenty minutes, I've tried to find that answer, but have I have not been able to yet. Rather then spend the rest of the night, I'm going to leave the office and go home. Tomorrow, I'll do my best to find an answer and post it as soon as I can.

In the mean time, if anyone else knows the answer, please post is for all to see and read.


Good night to all and good investing.

....-jp