"Charys Holding Company, Inc. ("Charys" or the "Company") (OTC Bulletin Board: CHYS) announced that on June 18, 2007, Billy V. Ray, Jr., Chairman and CEO, acquired 1,750,000 shares of the Company's common stock pursuant to the Company's Employee Stock Incentive Plan for the Year 2006. The shares were made available under an Amended and Restated Stock Purchase Agreement between the Company and Mr. Ray, which provided Mr. Ray the right to acquire 2,237,222 shares of CHYS common stock at an exercise price of $0.40 per share. As a result of the purchase, the Company received $700,000 in gross proceeds. The 2,237,222 shares are subject to an existing post-offering lock up agreement prohibiting their sale by Mr. Ray until August 15, 2007."
my my my, what a sweet deal for Mr. Ray. wonder where this .40 cent per share stock came from? i guess if he is investing in CHYS, even on the cheap, its a good sign for the long term. i see this forum has been pretty dormant so it does not look lke folks are following this stock.
