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Non-Tech : Parlux (PARL) Fragrances
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To: Alan Wojtalik who wrote (480)10/29/1997 5:49:00 PM
From: sam  Read Replies (2) of 527
 
>>Sam,

How does the company buying back shares on the market give management more control of the company? I can see if they were buying shares in their personal accounts... or is it that by reducing the outstanding shares, they make their existing personal holdings a bigger piece of the pie? Any idea how much management owns? Please explain your logic.

Thanks,
Alan<<
The second guess is right. They have been major shareholders for sometime and it will continue so. It is just too risk (or perhaps lack of personal capital ) to purchase shares by their own money. But if they do generate cash in the business, it is a good way of leave option open.
Sam
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