Well, I am sure if you sent an email to John at the Pan american web site, He would let us know how many friendlys close to him own shares and what size the chunk is. In June, they went after 50 million, and I am pretty sure they got it. Now, I know they are after another 50 million. And with the price this week, They may not have got all 50 million, but they sure could have taken a dent out of it. Look at the T and S reports for the last week, at how many large blocks got traded. 600,000 blocks, 800,000 blocks, sever 1.2 million.
Today we had some good ones.
As long as these individuals don't own more than 5%, they don't have to file with the sec.
Then again, it could take two months for those filings to show up anyway.
Thing to remember. We don't know everymove that is coming up in PanAmericans future, But John Sure does. I am sure, he would buy as many shares back as he could.
I mean, if you owned a chevy dealership, would you drive a Ford?
If I was an employee of PanAmerican, whenever I got around friends and relatives, if I was privy to the new company, I may not divulge what was happening (as that is a no no), but, one couldn't prevent me from being excited.
Maybe, the next sec filings (The Pan American ones, not Pure water) will let us know a little bit more about this. |
