Friday, July 20, 2007 12:04:42 PM
From the 8K
ITEM 7.01. REGULATION FD DISCLOSURE
On March 14, 2006, the Company issued a press release announcing that
Floyd Warkol, its Chairman and Chief Executive Officer, has entered into a stock
trading plan intended to qualify for the safe harbor under Rule 10b5-1 under the
Securities Exchange Act of 1934, as amended (the "Exchange Act"). Rule 10b5-1
permits officers and directors of public companies to enter into predetermined
plans for selling specified amounts of stock. The plans may be entered into only
when the director or officer is not in possession of material non-public
information. Under the plan Mr. Warkol authorized the sale of up to 400,000
shares of the Company's common stock owned by Mr. Warkol, 200,000 of which are
issuable upon the exercise of stock options, over the course of the next two
years. The plan provides for sales of up to specified numbers of shares within
specified ranges, subject to certain limitations. Sales pursuant to this plan
are intended to be disclosed publicly through Form 144 and Form 4 filings with
the Securities and Exchange Commission as required.
He's done selling this Q.The way i figured JPM will sell the remain 100 K shares in the next 2 Q (50 K shares ea Q = only 4 K each week ).Once the volume picks up we'll easily absorb those shares.IMO
THE THRILL OF VICTORY ;-) & THE AGONY OF DEFEAT ;-(
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