Have we been rippped off???
03/25/98 Phoenix Hm Lf Mut Ins
Beneficial Owner (10% Or More) Sale 80,000 12.00 960,000 COM I 579,250
03/18/98 - 03/25/98 Phoenix Hm Lf Mut Ins
Beneficial Owner (10% Or More) Sale 522,500 12.00 6,270,000 COM D
03/18/98 - 03/25/98 Caputo, Edward G.
Director Sale 302,500 12.00 3,630,000 COM D 3,972,500
$67,632,500 sold by insiders after mid March 98.
$3.13 current price * 7.657 million shares
= $23,928,000 Today's Market Cap
After the sale Mr. Caputo's remaining shares were 3,972,500.
Could he and his friends have already taken their profit? They appear to have taken out 3 times today's value of the company. Help! Help! Help! Can anyone refute these figures? |
