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.

Technology Stocks : VALENCE TECHNOLOGY (VLNC) -- Ignore unavailable to you. Want to Upgrade?

To: Pronichev who wrote (5020)	11/14/1998 11:26:00 AM
From: Zeev Hed	Read Replies (2) \| Respond to of 27311

Pronichev, this is a very good question. Because the transactions contemplated are considered "hedged" transaction (shorting, in essence, against the block), they may not have to. Of course, It is possible that at any time their stock position does not exceed the threshold of 5%. But for officers, this would not be a consideration. In other "floorless" cases I have never seen reporting of such transactions despite the fact that the floorless bandits were in one case the President and majority stock holder (CAFE), and in other cases, they had much more then 10% equivalent equity position (CTYS, IELSF, EXSO, CHTL and few others, all companies that have gone down the drain from the impact of floorless securities). I wish my answer could be more specific, but I simply do not know. Zeev