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To: MangoBoy who wrote (207)11/29/1999 1:16:00 PM
From: Bosco  Read Replies (1) | Respond to of 609
 
Hi Mark - that's why they are insiders! My guess is that the shares were from the underwriter[s] and/or privately negotiated, since it was not the ipo price either. Of course, how could an investment house turn down SBC request to buy more? [note: SBC shouldn't be considered an insider though]

In final analysis, when execs want more than their shares beyond their option exercised price, it is a bullish sign in the long run

best, Bosco