Gentra .... Any old R/T employees Message Board

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Strategies & Market Trends : Gentra .... Any old R/T employees

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To: D. W. Baker who wrote (44)	11/2/1997 5:46:00 AM
From: Al	Read Replies (1) of 78

I was wondering if you would have any explanation of the heavy trading days that we see some days which pulls the price of GTA up 40 cents occasianally. I thought that one explanation would be due to their buyback program: "Gentra intends to make a normal course issuer bid. As a result, the company may, during the following 12 month period, purchase up to 9,752,281 shares, being approximately 10% of the public float. The purchases will be through the TSE and the price will be the market price at the time of purchase. The actual number of shares to be purchased and the timing of such purchases will be determined by Gentra. " Contained in a news release on 1997-09-10 Maybe they expect the price to go up much higher, and are trying to save money by buying back as much as they can. (Although this wouldn't explain why they didn't buy back during the mini-crash on Monday) I'd be intersted in figuring out who the buyers are who are buying and selling huge quantites (around 10,000 shares in one trade) also. I guess to some part, the volume could be attributed to the large number of outstanding shares, but that wouldn't explain the large board lot sizes for a volatile stock as such.

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