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Technology Stocks : CrossKeys Systems Corp [CKEY and CKY/TSE] -- Ignore unavailable to you. Want to Upgrade?

To: pat mudge who wrote (438)	3/1/1999 9:59:00 PM
From: Joseph McKeown	Respond to of 792

"Early investors,including some non-management employees, had their shares locked up for a year and when the time expired, the company had the choice of putting together a block for an institutional investor(s)or watch the stock tank in a market with no liquidity whatsoever. They did the former". Thanks for pointing out that the shares were sold as a block to an institutional investor at a fixed date and price. I wondered if they had found their way on to the market and contributed to the gradual decline in price. In a thinly traded market, a block trade is an optimum strategy. I am glad you corrected me on this. Joe McKeown