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Re: investorwisdom post# 35

Friday, 05/28/2010 11:23:00 AM

Friday, May 28, 2010 11:23:00 AM

Post# of 166
I think you miss understood what I said, The large share holder did not dump shares, and it was the CEO you named, the problem was she sold herself about $50 (or 100?) million dollars of new treasury shares at $12, while we were paying $20 for retail shares, and that was the day the price spiked down on the chart to $12. Not a good sign IMHO, and the only reason I did not buy back shares of NMM yet, even at $15. And that $12/share sweethart deal coincided with one of the recent Cape Ship purchases from NM to NMM.
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