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To: rob g who wrote (1059)12/2/1998 8:15:00 PM
From: David L. Carter  Read Replies (1) | Respond to of 27722
 
Rob, at first I thought he was just registering his shares but reading the release states he was selling November 27th and 30th. Even though that is probably a small percentage of the shares, it does seem quite odd that he would let it go now if an IPO was going to happen soon(this month).

On the other hand he is setting himself up for a shareholders lawsuit if he backs out of the IPO because it was that news of the IPO that lifted the stock price and he exited accordingly at an inflated value. If he sold the stock immediately because he knew the IPO was not going forward and didn't release it publicly he would be in bad shape. IMO.



To: rob g who wrote (1059)12/2/1998 8:30:00 PM
From: Mohan Marette  Respond to of 27722
 
rob: You do have point but what if he needed the money badly to settle some urgent personal matters,these things could happen you know.Also it'll be only meaningful if we know what the total % of his holdings are and how much 200k represents compared to the total.

I think insiders own some 45% of the total shares outstanding.Just trying to look at it from a different angle is all.


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