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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel? -- Ignore unavailable to you. Want to Upgrade?

To: DMauch who wrote (5979)	6/3/1999 1:05:00 PM
From: TLindt	Read Replies (1) \| Respond to of 20297

How about this one? We could go multiple choice.. The S-3 contains no specific price for the stock sale, that I can see, by the insiders or company. My hair has been hurting trying to figure out why the insiders tacked onto the secondary. I may have it. Or I could be wrong..... Usually, a company like CKFR has rules that limit when insiders can sell stock. Typically, those rules preclude selling stock by insiders for the 30 days previous to the end of the quarter until one or two day after the financial numbers are released. Quarter ends June 30, so, starting June 1 the insiders (usually some 10 to 20 top folk) cannot sell stock until mid or late July. Suppose ckfr believes that there will be a big good news announcement during that time. The secondary offering is a very clever way of letting them sell after the good news is out, but before the lockout period ends in July. The company secondary was tacked onto the insider offering. The company does not need the money. Just window dressing. This thinking leads to the big news being a Yahoo portal agreement, not an acquisition. Yahoo buys ckfr and we all get yahoo stock. Portal agreement, ckfr soars, insiders sell, everyone is happy. No one goes to jail. This timeframe is quite consistent with everyting Pete/ckfr and everyone on this board has said. IMHO Looking for really good news in the next 45 days....EBPPAdventurer messages.yahoo.com Here's the answer response that trigger that thought... If old "Pete" and his insider buddies sold their shares in reaction to information that is not available to us, e.g. poor earnings, then they will be using their newly found riches to pay for their criminal attorneys. It's called insider trading and it's illegal. Something significant is happening. Big news is about to break, hopefully it's good news. messages.yahoo.com Gotta say this though...those boys aren't the only ones scratching their heads with this.