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To: IceShark who wrote (14201)	12/30/1998 6:10:00 PM
From: accountclosed	Read Replies (1) \| Respond to of 86076

and a lot of these companies are freshly public. don't they have additional restrictions perhaps not by sec regs but by underwriting agreements?

To: IceShark who wrote (14201)	12/30/1998 7:59:00 PM
From: Thomas M.	Respond to of 86076

If anyone can dig up that Forbes article on the NASDAQ corruption, they had the rule in there. It is a % of trading volume, not shares issued. Since NASDAQ double/triple counts, this allows insiders to sell faster. Tom

To: IceShark who wrote (14201)	1/25/1999 4:46:00 PM
From: Thomas M.	Read Replies (1) \| Respond to of 86076

A while back, you were asking about insider sales limitations. forbes.com <<< Rules say that, per quarter, insiders cannot sell more than 1% of the shares outstanding or more than the average weekly reported volume in the stock for the previous four weeks. The more volume in the stock, the more stock you can sell. If volume were counted as it is on other exchanges, executives of Nasdaq companies could sell less than half the insider stock they can sell today. This is a powerful incentive for stocks to remain on Nasdaq long after they have achieved sufficient seasoning to move to the Big Board. >>> Tom