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Gold/Mining/Energy : DYNATEC CORPORATION (TSE & ME - DY) -- Ignore unavailable to you. Want to Upgrade?


To: Sturgeon who wrote (146)2/7/2000 10:24:00 PM
From: clarkiebaby  Respond to of 148
 
Kinda makes me nervous when the CEO is selling when it's in the trough. I think I'll wait a while before I buy this one.



To: Sturgeon who wrote (146)2/8/2000 8:58:00 AM
From: Daniel Chisholm  Respond to of 148
 
Re: the CEO selling 4M shares, I forwarded this info to my broker (who owns the stock in his personal account), and he told me that it was a forced sale. Apparently the CEO had to pay his wife $1.2M in a divorce settlement (the market was supposedly aware of this), kept looking for a good time to sell (or arrange a private placement), but D-day came up and the stock had to be sold.

FWIW.

- Daniel