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Non-Tech : GRIN (Grand Toys International Inc)
GRIN 27.010.0%3:59 PM EST
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To: John Wilson who wrote (343)8/29/1999 6:44:00 PM
From: genejockey  Read Replies (1) of 495
 
Seems insiders are exercising their options and dumping their shares as the shares outstanding suddenly doubled. I agree then that they seem to be in a mad rush to cash out rather than take the shorting option outlined in their options registration papers. BTW, you do know that insider sellings take about 1 to 2 months after the fact to show up...right? So you nor I have no way of knowing exactly how many shares have been dumped recently until the figures come out in a month or two. Regardless, their shares outstanding more than doubled in the past month so it is not very hard to surmise what is going on and the magnitude of what is going on. Also 2 more tidbits... insiders may rather be dumping their stock as opposed to shorting it but Market Makers are more than free to short the stock and have been doing so since the 12 range. Lastly, I hear that GRIN is authorized to dump 50 million more shares onto the market... not too good if you are long- long term.
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