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DueDillinger

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DueDillinger

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Re: None

Tuesday, 07/20/2004 5:46:31 PM

Tuesday, July 20, 2004 5:46:31 PM

Post# of 762
With today's press release, Cortellazzi seems to be confirming that no shares have been repurchased to date, negating all of the pumping speculation we've seen about how much has been bought back. Since he's announced a stock buyback before, today's (ahem) 'news' provides but a quantification.

He's of course announcing only the INTENT to buy back LESS THEN 10% of the O/S--essentially a non-event because the rules prevent doing this in such a way as to affect the price.

Hilarious that anyone thinks this is a useful and positive action at this point in time.


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