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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: bw who wrote (7513)1/10/1998 11:51:00 PM
From: John Carpenter  Read Replies (2) of 95453
 
Bob Rose(DO's CEO) was on CNBC a few months ago. He said,
"This is just the beginning." Meanwhile, DO insiders sold
very large proportions of their holdings almost simultaneously.
When DO was at $65, Chairman Larry Tisch instituted a
$1B convertible bond offering that would dilute DO common
by 7%. I think that the guys at DO in particular don't
give a shit about the average shareholder. To say that
"this is just the beginning, business is really picking
up" and then to dump your shares at the same time is a
blatant way of putting personal interest ahead of
shareholders.
Believe me, I didn't expect them to tell me when they
would dump their shares. I just don't like people who
say one thing and do the opposite.
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