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Non-Tech : Mossimo

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To: mark yuen who wrote (37)5/5/1997 4:44:00 PM
From: Winston Kim   of 81
 
I do not think the CEO Mossimo Ginnuali owns 70 percent of the outstanding shares, I believe it was more like 50 percent and the other shares going to the top executives at the company. The 8th will make or break this stock. If there is any more bad news this stock will hit the $5 or $4 range. I belive that majority of the institutions have sold or averaged down. There is only 4 millions shares that were sold out of the 15 million shares outstanding. It doesn't look like the company will turn around any time soon. I have been holding this stock forever, the company management is in disarray, and Mossimo G. doesn't know what the hell he is doing, he just keeps spending and spending and spending money he doesn't have....Here is some information about the instutitional holdings.

50 Institutions hold a 24.73% position, a 11.28% increase from the prior period. 20 Institutions established new positions, 8 increased holdings, 21 decreased holdings and 1 were unchanged.

WK
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