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investorcg

07/30/04 1:21 PM

#66633 RE: Al E Gater #66628

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.