Barry,
I still don't get it, though. So he buys 242,000 shares at $6.80 (when he announced) and another 600,000 on 8/7 and 8/8, for which he would have had to pay between $6.87 and $7.56, just so he could drive the price down (by selling between about $7 and $5) to buy back at what price?? He had a chance back in July to buy below 5, so why do all this now?
If there were going to be an announcement soon (and I hope there is), why not just buy and hold shares, so as not to miss it? Either you would have to know that the (anticipated buyout) price was going to be less than what you were holding for, say in the 6-7 range, and you wanted to drive it down to buy lower, or there is, in fact, no immediate announcement.
If I'm missing something, please explain. I'm glad it's Friday. Have a nice weekend, all.
--John |
