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Biotech / Medical : Gliatech (GLIA) -- Ignore unavailable to you. Want to Upgrade?

To: scaram(o)uche who wrote (702)	4/7/1999 2:56:00 PM
From: scaram(o)uche	Respond to of 2001

14:45 Eastern, 423K shares traded, and it looks like we're settling into a balanced supply and demand. We are watching a landmark exchange, dribble by dribble. The seller and buyer will have a spotlight, in the future, on their decisions...... I assure that. Never seen anything like it..... just a continuous dribble of stock in $50-100K increments. I hope that the seller gets the monumental whiplash that he/she/they deserve for this unique disruption of trading. Good luck, all!

To: scaram(o)uche who wrote (702)	4/12/1999 1:49:00 PM
From: scaram(o)uche	Read Replies (1) \| Respond to of 2001

This may mean that, if it was Pinkas that bailed, we may not see a disclosure???? I'm confused. I'll try to figure it out later, but wanted to post in the event that others wanted to start digging. It looks like Pinkas may have largely bailed prior to 1/15/99? Shaker now owns the Morgenthaller and Pinkas shares?? That might explain a lot about the behavior of this sucker. Please note that the beneficial ownership listed in the previous post was from 1/15/99....... SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE On March 10, 1998 and October 14, 1998, 228,766 shares of Common Stock owned by Brantley Venture Partners, L.P. ("BVP") and 296,842 shares of Common Stock owned by Brantley Ventures II, L.P. ("BVP II"), respectively, were distributed to the partners of each entity. Mr. Robert P. Pinkas, a Director of the Company, is a general partner of Family Partners, the general partner of each of BVM and BVM II, the general partners, respectively, of BVP and BVP II. As a result, Mr. Pinkas is deemed to beneficially own the shares of Common Stock held by BVP and BVP II. Due to an administrative oversight, the Statement of Changes of Beneficial Ownership of Securities on Form 4 to report such distributions was not filed in a timely manner. These distributions were subsequently reported on a Form 5 Annual Statement of Beneficial Ownership of Securities (the "Form 5") that was not filed in a timely manner. In addition, Mr. John L. Ufheil received options to purchase 6,000 shares of Common Stock on April 1, 1998. The Form 5 to report such option grant was not filed in a timely manner due to an administrative oversight.