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Microcap & Penny Stocks : Viking Capital Group, VGCP- Internet play on the move! -- Ignore unavailable to you. Want to Upgrade?


To: Baddpitt who wrote (506)4/24/1999 3:01:00 PM
From: CIMA  Respond to of 588
 
These are either insiders or people who have, within the past 90 days, filed 144's to sell previously restricted shares probably purchased a year or more ago in a private placement at lower prices.



To: Baddpitt who wrote (506)4/25/1999 12:23:00 PM
From: CIMA  Read Replies (1) | Respond to of 588
 
From Raging Bull:

By: laurennick
Reply To: 85 by BaddPittSunday, 25 Apr 1999 at 10:08 AM EDT
Post # of 86
I have been reading posts regarding this stock on many different message boards. As I read, I must sift through the facts and the fiction (and most is fiction). I have been posted as an insider on this board and others (Silicon) because my name is noted under potential insider transactions. I am not an insider - I am a private investor with 144 rule stock. After one year of holding 144 stock, you may elect to register it for freetrading (with restrictions) - in other words from year 1 to year 2 the restricted stock must be re-register every ninety days. After year 2, you can file for unrestricted status (full release into freetrading certificates). Most of the people listed as insiders are not insiders - they are individual investors that have provided financing to VGCP over the years. Usually, a board or an officer position raises you to an insider position.

With regards to my investments, I am a long term investor. This is one of many companies that I am invested with. Some are in the form of 144 and others are freetrading. My advise to each of you with VGCP is 1) take it off your radar screen and let it develop or 2) sell your interest and move on.

In summary, the "insiders" listed on boards are not true insiders, the amount of restricted stock being offered is not a large amount (in fact my unrestricted stock was reported by a firm at double the amount that I requested!), "Insiders are not jumping ship by registering their stock - things like death, divorce and medical conditions can cause transactions to happen as well as individuals looking for the return of their initial investment while letting the balance of their stock "ride".

Information is good, but accurate information is better. Happy investing.

(Voluntary Disclosure: Position- Long)