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Gold/Mining/Energy : Star Data Systems Inc. (STY,T)

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To: Mitchell who wrote (246)8/3/2000 3:47:28 PM
From: kingfisher  Read Replies (1) of 267
 
4th quarter 9 cents per share earnings and 30 cents for fiscal 2000.
Any opinions on this Mitchell?
What stands out is fact company has not bought any shares under their normal course issuer bid.At least they never mentioned it.Perhaps the stock is not low enough for them to justify spending money on their shares?
Hutton has almost 500,000 options and shares in Star Data and he does not seem to be concerned about operating a company with a penny stock valuation.
Hard to understand how he could have turned down $8 per share a couple of years ago.
That would have increased his personal wealth by almost $2.5 million and not including the golden parachute he could have woven for himself.
Later,
Richard
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