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To: Arthur Radley who wrote (1613)12/5/1998 12:12:00 AM
From: Junkyardawg  Read Replies (2) | Respond to of 1983
 
From my friend


Dude:

READ THE PROCEDURE BY THE SEC !!!!!

Form 144 filings are indicated by ''Planned Sale''. Form 144s must be filed as
notice of the proposed sale of restricted securities. Restricted securities
are those that are acquired directly or indirectly from an issuer or an
affiliate in a transaction (or chain of transactions) not involving a public
offering.
Not all Form 144 filers are insiders. Any entity owning restricted stock must
file a Form 144 prior to selling the restricted stock. Any insider who files a
Form 144, must file a Form 4 if and when the sale is completed. To determine
if a given filer is an insider, you may click on the insider name. If the
individual is listed as a shareholder, they are not an insider.

An insider may file a Form 144 and not actually complete the sale. If the sale
was completed, the insider should have filed a Form 4, indicating the
transaction was completed. Form 144s contain additional information which may
be beneficial. The data includes the name of the brokerage firm, insider's
address, phone number, and the dollar amount of transaction. The amount of
stock an insider may sell is ''restricted'' by a number of factors, such as
shares outstanding, trading volumes, etc.

The Form 144 must be filed prior to, or on the approximate date, of sale.
Insiders are governed by SEC regulations when they file a Form 144. The
following considerations should be kept in mind when you are searching Form
144s. These considerations apply to insiders only - see the above definition
(not shareholders or restricted stock owners ):

DUDE SHOW ME WHERE HE HAS FILED FORM 4 TO COMPLETE THE TRANSACTION....READ THE
WHOLE PROCEDURE AND UNDERSTAND THEM BEFORE YOU MAKE YOUR
COMMENTS.....SZYMANSKI ONLY FILED FOR A "PLANNED SALE" THE TRANSACTION NEVER
OCCURED, BECAUSE FORM 4 WOULD HAVE BEEN COMPLETED AND RELEASED TO THE PUBLIC
!!!!

AND, ACCOUNTING 101, PATENTS ARE INTANGIBLE ASSETS, JUST LIKE YOUR
PROPERTY....IT IS AN INTANGIBLE ASSET UNTIL YOU SELL... YOU CAN'T STATE THE
VALUE OF YOUR PROPERTY UNTIL IT SOLD AND YOU HAVE CASH IN YOUR HANDS......
EXAMPLE YOU BOUGHT A PIECE OF PROPERTY FOR $50,000 20 YEARS AGO AND TODAY THE
PROPERTY IS ESTIMATED TO BE WORTH $500,000 IT DOESN'T GO ON YOUR BOOKS @
$500,000....IT IS AN INTANGIBLE ASSET UNTIL YOU SELL IT.



To: Arthur Radley who wrote (1613)12/7/1998 12:15:00 AM
From: Junkyardawg  Read Replies (1) | Respond to of 1983
 
Want to see how smart you are?

iqtest.com

LC