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Re: SOUTHPEN post# 2882

Sunday, 08/04/2013 12:18:50 PM

Sunday, August 04, 2013 12:18:50 PM

Post# of 3745
I was hoping that my information was wrong. 7.2M is a little better. Still not huge. If he is looking to retire I would think he would want a bigger piece of the pie unless he plans to get it as part of the sale.


It also makes more sense to sell the company en masse to a larger company rather than sell the property separately because that type of merger offers opportunities for some of the other principles who are not big holders to move over to the new firm.

However, I would still like to see some insider buying. It might provide the boost needed to get the SP over 25 cents.

Again, I am not bashing, but I do like to be realistic.