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Non-Tech : Parlux (PARL) Fragrances
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To: M Goodson who wrote (186)12/17/1996 11:27:00 PM
From: Wayners   of 527
 
M Goodson,

If PARL bought 3 blocks at 300,000 for a total of 900,000 shares at say $4.00 (estimated because I don't have the dates of the trades) that would cost them $3.6M. I think PARL should buy more treasury stock and hadn't heard of it until you posted here first. The only problem I have is, where did PARL come up with $3.6M to buy the stock back? Maybe Lekach has a margin account or borrowed the dough from John Gotti!!

Wayne
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