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(NewsTraders) B: Rogers Cablesystems Files To Sell 490,944 At Home Shares
Rogers Cablesystems Files To Sell 490,944 At Home Shares (ATHM)

(NewsTraders.com)-- Insider Details

Source: Form 144 released today by the SEC

Transaction: Proposed Sale

Company filed on: AT Home Corp. (ATHM)

Filed by: Rogers Cablesystems Ltd.

Filer's relationship to company: Unknown

Number of shares: 490,944

Aggregate market value: $68,000,000

Approximate date of sale: 1/27/99

Company shares outstanding: 105,329,712

Broker: Credit Suisse First Boston



Note: The information used in this story is taken directly from the Form 144
filing, except for supplemental information provided in parentheses, when
applicable.
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Any speculation as to the why?
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Could they be using the proceeds of the sale to upgrade their Cable Network?
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Rogers Cable has a huge debt problem - this why the stock has been in the toilet until the recent linkage with @Home. I suspect the sale may have more to do with debt repayment than any upgrades, IMHO.

Whistler
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(NewsTraders) B: Rogers Cablesystems Files To Sell 490,944 At Home Shares


What part exactly don't you understand/
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they have to file a Form 144 to sell any restricted shares. Follow the link to see what they did in 1998.
Lots of planned sales but no shares sold.

http://biz.yahoo.com/t/a/athm_415823.html
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