SPSEIFERT, OFF TOPIC. Re: Insider activity in Baldwin Technology
Please pardon my dilatory response to your inquiry. I was involved with the necessity to pay the piper until I exited the General Post Office in Chicago with 55 minutes to spare at 11:05 p.m.,yesterday.
Bloomberg costs around $2,000 per month ,when communication costs are added, per individual, who is not part of some group rate in a single location. As such, they do their best to provide accurate info in a timely manner. They purport to show insider activity, both buying & selling. Between 9/22/97 and 2/11/98, they show that director, Wendell M. Smith, sold 20,000 shares; the Wendell M. Smith Foundation sold 106,250 shares; the Polestar Retirement fund sold 57,643 shares; & the Polestar Corp. sold 217,000 shares. They show no insider buying whatsoever between 1995 & today.
It is always possible that they have missed something, such as other insider sales or purchases. I do not know anything of value about the company, but was intrigued sufficiently by the reports of massive insider buying by Texas Dude to take a look. Naturally, I was shocked at the disparity between what he said & what Bloomberg said, & I posted it to provide some balance. Hopefully, he or you can get to the bottom of this before misinformation causes anyone any harm.
P.S. It may well be that Polestar is controlled by Smith, but I have no information pro or con, other than to assume that if Texas Dude said the only selling was by Smith, then those entities must be related to Smith. |
