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Non-Tech : Say Yes Foods Inc. (SYES) -- Ignore unavailable to you. Want to Upgrade?

To: Nicholas Varthas who wrote (1681)	1/17/1999 8:58:00 PM
From: WEBNATURAL	Respond to of 1750

A friend of mine gave me this info on insider trades. He knows lots of stuff! Any of you that own 10% or more of this companies stock should read this important info! He is very wise. A li'l about insiders/10% stock ownys an' sech... Who Is An Insider? An insider is an officer, direcko', varmint wif a policy-makin' role, o' beneficial owny (holder of 10% o' mo'e) of a compenny's stock. Shet mah mouth! Insiders is both indivijools an' co'po'ashuns, an' are required t'repo't their: Direck Holdin's - holdin's thet is held in th' name of th' insider; an' Indireck Holdin's - holdin's thet is controlled by th' insider, yet is held by t'other intity sech as a fambly member, a trest, a compenny plan, o' even a co'po'ashun t'which the insider is affiliated, cuss it all t' tarnation. In menny cases, th' same block of indireck stock may be claimed by sevahal insiders, sech as a group of trestees on over th' same trest, o' sevahal partners in th' same partnership. Some insiders hold all of their stock indireckly. Fo'm 3: Initial Statement of Ownyship This hyar fo'm is filed only once by an insider, fo' etch compenny thet th' insider is affiliated wif. It is usually filed wifin ten (10) days of th' Compenny gwine public, an'/o' wifin 10 days of an insider bein' appointed an executive officer o' direcko', even eff'n th' insider may not haf acquired security holdin's at thet time. Addishunally, th' fo'm 3 is filed fo' ennyone attainin' a 10% o' mo'e holdin' of the outstan'in' shares of a security unner th' Securities Ack of 1934. Fo' example, a 5%-o'-mo'e owny, upon attainin' th' 10% level of ownyship,'d be required t'file a Fo'm 3 an' then a Fo'm 4 t'refleck enny changes in ownyship. Fo'm 4: Statement of Changes in Beneficial Ownyship Th' Fo'm 4 is required enny time thar is an open market purchase, sale, o' an exercise of opshuns. It muss be filed by th' 10th of th' month follerin' th' transackshun an' corntains th' details of all non-exempp transackshuns which exceed $10,000 durin' thet month. Exempp transackshuns, sech as gif's of stock, may be filed on th' Fo'm 4 o' on th' annual Fo'm 5. Info'mashun included on this hyar filin' is th' name of th' insider, title, type of transackshun, date of the transackshun, amount of stock acquired o' disposed, price, holdin's af'er th' transackshun, an' th' nature of ownyship. On th' Fo'm 4 o' Fo'm 5 an insider indicates when he has retired o' exited fum the compenny by checkin' th' ''exit'' box on th' filin'. Once an insider retires/exits, he is required to repo't his transackshuns fo' only th' next six (6) months. Fo'm 5: Annual Statement of Changes in Beneficial Ownyship This hyar fo'm is required t'be filed annually fo' them insiders who haf had exempp transackshuns an' had not repo'ted them previously on a Fo'm 4. It muss be filed wifin 45 days af'er th' close of th' issuer's fiscal year t'disclose transackshuns exempp fum prio' repo'tin', as fine as transackshuns thet sh'd have been repo'ted previously, but were not. A Fo'm 5 is not necessary eff'n thar haf not been enny transackshuns t'repo't. Insiders may also note on Fo'm 5 effn'n they haf retired o' exited fum th' compenny by simply checkin' th' ''exit'' box on th' filin'. Once an insider retires/exits, he is required t'repo't his transackshuns fo' only th' next six (6) months.