OBCI: you're wrong, look at the volume..148,000 shares (buys and sells throught the day) and counting...u think that because some 1 person got in early and moved it up by investing over 200 G's? ur on crack! and ur wrong abt no news PR's too, there's one on Dec 3 abt a stock buyback (link below). u obviously cant tell the diiference between active trading and individual buying.
Ocean Bio-Chem Announces Stock Purchase Program Friday December 3, 9:30 am ET
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Dec. 3, 2004--Ocean Bio-Chem, Inc. (Nasdaq:OBCI - News) today announced that its Board of Directors has approved a plan for the Company to purchase shares of the Company's Common Stock on the open market at or below its book value. Ocean Bio-Chem President and CEO Peter Dornau explained, "We believe Ocean Bio-Chem shares are undervalued and accordingly have elected to authorize a common stock purchase plan. Furthermore, in addition to any shares purchased by the Company, certain directors and myself are prepared to buy shares on the open market at these levels."
Any corporate purchases will comply with the SEC's Rule 10b-18 which provides guidelines for companies that are repurchasing their stock in the market. Any shares purchased by officers or directors will be in compliance with Section 16(a) of the Securities Act of 1934.
About Ocean Bio-Chem
Ocean Bio-Chem, Inc. manufactures and markets a full line of maintenance and care products for boats, recreational vehicles, automobiles, motorcycles and aircraft. Products are sold under the Starbrite(TM) name. The Company trades publicly under NASDAQ SmallCap Symbol:OBCI. www.oceanbiochem.com
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