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To: Americo Burgos III who wrote (17033)4/24/1999 11:30:00 AM
From: Riz.  Read Replies (1) | Respond to of 40688
 
Americo, I was under the impression that 144's were other large block
intended for sale, not insider shares.

Riz.



To: Americo Burgos III who wrote (17033)4/24/1999 12:12:00 PM
From: xyz  Read Replies (2) | Respond to of 40688
 
The 144s are a form which must be filed when restricted shares are going to be sold. If there is no plan to sell, you do not file a 144. There have been several million shares worth of 144s filed over the past few months. These are for restricted shares from NONinsiders i.e. NOT company management. If the sales actually take place you have to file a form 4. Perhaps the company knows these have all been filed. The extension of the restriction mentioned in the e mail is in reference to the shares owned by PNLK management. This amounts to about 16 million shares so it is good news they will not go on the market in the near future. Once the share price gets much higher and the volume is several million a day on average these will not have so much impact. I assume that is the reasoning behind the extension of the voluntary restriction of any sale of management's shares. I think the above is accurate, just my understanding.