I don't hate the players or the game, just the skewed facts as they relate to Bourque.....and I'm decidedly not a basher, but a long term holder, which apparently has no merit in todays markets but I'm whining.
The facts are (and no, I wasn't smart enough to figure this out, it came from a fellow Bourque shareholder who is also a long term shareholder, who pointed it out to me)
Here's how significant those supposed "no insider selling now" shares are:
RULE 144 shares being filed to sell was 13.3 million shares.
If sold at the avg. of 280,000 shares a day (which was typical until the last couple of weeks) = 48 AVERAGE trading days of shares would have been nothing but Insider Shares
52 weeks x 2 weekends = 104 less trading days
365 days - 104 = 261 trading days total available to trade
261 - 48 RULE 144 shares = 213 days
48 days divided into 261 trading days = 18.4% of the shares traded in the last year would have been insider shares.
Do you seriously think that is an insignificant number?
48 days ? That equals 19% of all trading days volume. Which means 1 out of every 5 shares traded in the average volume of recent months was an insider share.
Again, please explain to me how Bourque is going to continue to self finance by selling their shares. Because it seems awfully obvious that is exactly what they're attempting to do now.
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