Average volume from the 1st of the year is not an accurate gauge.
The real volume started when USHG announced the merger on February 25,2004.
biz.yahoo.com
Then USHG became a new company on March 18, 2004.
U.S. Home & Garden Completes Merger With Ionatron
Thursday March 18, 8:32 am ET biz.yahoo.com
A three-month chart shows that the volume and price started to advance in mid February thru late March, into early April. Yahoo has the volume listed at: Avg Vol (3m): 1,156,409 see link:
finance.yahoo.com
KASSEL, ROBERT sells 100,000 shares 1-Apr-04, and then he and his wife sell again 19-Apr-04, 183,388 and 128,650 shares. This is what probably caused the drop in price.
finance.yahoo.com
These shares have already been absorbed. I can only figure that this must have been an inside agreement prior to the merger.
Perhaps the new management does not want the old guard having any major controlling interest in the new company.
If you were Robert Kassel, wouldn't you be happy to get $6 to $8 a share for a company that (for years) you couldn't give away for 75 Cents?
This was not his company anymore, and definitely not now, since he sold. |
