FLC Falcon Drilling Message Board

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Gold/Mining/Energy : FLC Falcon Drilling

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To: mph who wrote (21)	2/25/1998 7:42:00 PM
From: diana g	Read Replies (1) of 461

Re: FLC Price Drop Hi mph. Volume up 2.8X Avg today; much more than any other driller I'm watching. Block Trades: 2/24=150k, 100k. 2/25=518k. Looks like somebody's selling, But Who, and Why? I sure don't know if it's opportunity knocking or the wolf at the door. I don't claim to know the ins and outs of these things, but it occurred to me that RB + FLC's Combination became effective 12/31/97, and there is ~47% Insider ownership. Is it possible that some time limit has expired opening a window for insider sales? If there is some non-bad-news reason for this selling, it could present us with an artificially depressed price at the perfect time. mph, please do post what you hear from FLC. best regards, diana

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