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.