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Microcap & Penny Stocks : ACRT about to move to new highs -- Ignore unavailable to you. Want to Upgrade?

To: Z man who wrote (6719)	9/25/1998 12:28:00 PM
From: DAVID C. DeANGELIS	Respond to of 7054

INFO FROM MITCH For those interested in status of share buyback/ purchases I will mention that recently several form 4's were filed as well as a 13D. One of the Form 4's was filed for the sale of 238,000 warrants by Amos Aharoni to Richland who subsequently exercised them and went on to buy an additional 400,000 shares in the open market. Hence the recent 13G filing by Richland for 618,170 shares or 7.24% of the common stock on August 14, 1998. What is interesting on this Form 4 is the Explanation of response: *Mr. Aharoni transferred these warrants to two corporations who immediately exercised all 238,000 warrants. Mr. Aharoni will be compensated for these warrants in June, 1999 based on 50% of the difference between the warrant exercise price and the average bid price of the underlying share of Actrade in June, 1999. The shares received upon the exercise of these warrants were "restricted securities" as defined under the Securities Act of 1933. The other Form 4 was filed by NTS Corporation (controlled by Amos Aharoni which shows 2,345,549 shares in the 1998 Annual Report on Form 10-K). This was for a total purchase of 208,000 shares at $14 per share which increases the total ownership of NTS to 2,553,549 shares.