News Focus
News Focus
icon url

dcjr4107

05/20/07 7:07 PM

#52425 RE: dcjr4107 #52424

maybe AURC is buying back shares to resell at .55 ? can they do that?
icon url

joenatural

05/20/07 7:13 PM

#52427 RE: dcjr4107 #52424

Martin Grancharoff states (as previously posted) he has never sold a share of AURC stock that he owns, so whom are you referring to ? The company itself ? Other officers (and/or) directors ?

"WHat happens if AURC sells more shares between now and the closing? or do you think the agreement was they cannot sell more? So all the trading that has been going on is between all the share holders?"
icon url

oldsailor

05/20/07 7:15 PM

#52428 RE: dcjr4107 #52424

Why would they want to dilute their holdings by selling stock on the cheap? The OS's split up the $185mm buyout. If they sold more shares now they'd end up getting less for their own shares.
According to posts here by those who've been involved for some time now there has not been any serious dilution. How about asking 2C directly?