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Re: Al E Gater post# 66628

Friday, 07/30/2004 1:21:23 PM

Friday, July 30, 2004 1:21:23 PM

Post# of 358440
AL E ..... NOT REALLY TRUE.

Most transactions happening directly between insiders and the company deal with options etc., whereby they are part of the insiders/employees compensation contract.

I do not think there are many times you will find a direct transaction with an insider selling the company back its shares.

As a big time corporate/real estate attorney, I can tell you it would stink of major apparent conflict of interest issues, which need to be avoided.

They can claim BUSINESS JUDGMENT RULE, but I believe Roger would want this clean, and devoid of impropriety.



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