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Re: BTuna post# 20

Thursday, 06/09/2005 5:13:05 PM

Thursday, June 09, 2005 5:13:05 PM

Post# of 21
BTuna: Insider selling is pretty much according to planned selling of 150k shares each, at the most, according to earlier filings. I've been using the selling as an opportunity to buy more shares at around $3.05. It's a healthy thing to increase the public float, since the insiders own so many shares. Were it not for their selling, the stock would probably be at $4 or even higher. But they are selling judiciously, and no shares have been sold under $3 since December.

Once this stock moves to the AMEX or NasdaqSC, it will see much greater volume, and the valuation will get more inline with peers. The Q2 earnings report should be a blockbuster, imho. It's seasonally strong, mortgage rates are DOWN from Q1 and from last year, and the housing market has been hot. It would be great if they get the listing upgrade before the mid August earnings report !

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