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Biotech / Medical : Trinity Biotech (TRIBY) -- Ignore unavailable to you. Want to Upgrade?

To: gbull who wrote (10406)	10/2/1998 12:25:00 PM
From: AgAuUSA	Read Replies (1) \| Respond to of 14328

Hi Gbull! <<Maybe we need an exorcist.>> Go for it!! And yes, it very well could be Howy in disguise!!! I remember Howy traded Salv and owned a large position. Guess he got burned big time and came back to wage a grudge war? On a more serious note, Trinity also commented on accounting standards. I was told that the US and Irish GAAP are coming closer and the co will make adjustments toward same in 1999.

To: gbull who wrote (10406)	10/2/1998 12:35:00 PM
From: Alegzis	Read Replies (1) \| Respond to of 14328

I pray that dowman is wrong because I'm up to my ass in this security. The thing that worries me is, once and a while, he shows us some DD. See a copy of one of his previous post below. It was he who discovered (or at least informed this thread) that the March 19th, 1998 press release announcing a huge insider purchase was actually a series of option transactions completed sometime in 1997. dowman's post follows: "Regarding insider purchases and shares outstanding here in copied from a post by greg copied from the 1997 annual report...1997 Trinity Bio Annual Report, page 14: Insider holdings as of 12/97 (vs 12/96): Ronan O'Caoimh: from 135,000 to 905,000 shares ; 479,000 options avail Brendan Farrell: from 45,000 to 430,000 shares ; 436,875 options avail Jonathan O'Connell: from 60,000 to 460,000 shares ; 277,000 options avail Jim Walsh: from 0 to 500,000 shares ; 380,000 options avail Denis Burger: from 195,000 to 391,000 shares ; 239,000 options avail I find it rather a coincidence that the figures listed as shares owned at the end of the last year match exactly the amount that would be owned if you add the options shares from the March 19th 1998 press release to shares previously owned. That means a number of things. First the "purchase" they so boldly mentioned in a press release on March 19th this year, actually were options exercised sometime during 1997. Why the delay? Rather misleading, particularly given the run to close to $3 on this "new" information. Second, these additional shares are part of the year end share count and thus not all of the growth in shares year to date 1998 can be attributed to these exercises as they took place sometime last year, and at an undisclosed date and price. " I never had any problem with the insiders exercising their options at a reduced price. It was their house mortgages and ingenuity that started the company, not ours. However, when I read stuff like this, I have to ask "why?".