SGE...good post...but
they're shorting the stock...I don't believe we would. The share price wouldn't drop like it has been if we held it.
The open market is there alright...we buy while they unload...c'mon!!!!!!!!
They also are privy to inside information one way or another....they can't lose. If you think that's OK..I gotta wonder about your intentions.
Subject: RE: REPOST - Gilgamash's incredibly sensible post - NOT!/OZ
From SGE1
PostID 414186 On Monday, July 25, 2005 (EST) at 5:13:35 PM
Response To: richardo PostID 414141
--------------------------------------------------------------------------------
While I hear ya, are you in a position to buy a 100M share block? 10M? 1M? And, assuming you and others are in a position to buy 1M share blocks, do you want the company to expend resources to intiate and administer 100 such transactions? Would you want 100 (more) people to be privy to insider info, continually updated (as they would have a right to expect)? Rather scary stuff IMO. And what happens if you and others decided to dump? (assuming there weren't constraints on dumping as is typically the case in such equity buy situations).
The open market is there.... The price is cheap....
Don't get me wrong, I really don't care much for the ''friendly investor'' scenario. I'd actually rather see them issue to the open market (better price, no contraints, inside info kept inside, and the resulting dilution is the same, though PPS would probably suffer more visibly).
And I'd much rather see one true equity investor step up, preferably one that could directly enhance our business prospects.
SGE
