Sweet deal for SCON insiders who just dumped 440 THOUSAND Shares
TGI just sold off $13,914,250 of stock, which it roughly equal to (2) years of sales revenues combined.
When did they buy the stock? In June 1999 for as preferred shares that split to Common.
) On June 23, 1999 TGI entered into a Stock Purchase Agreement with
the Issuer pursuant to which TGI purchased at two closings on June 23, 1999 and
August 17, 1999 an aggregate of 60,000 shares of Series D Preferred Stock (the
"Series D Preferred Stock"), which were convertible into 1,200,000 shares of
Common Stock, and warrants to purchase 120,000 shares of Common Stock at a price
of $3.00 per share (the "Warrants"). On March 30, 2000, the Series D Preferred
Stock was converted into 1,200,000 shares of Common Stock. Also on March 30,
2000, TGI exercised the Warrants to purchase 120,000 shares of Common Stock.
Without working the warrants they just profited over $12 Million once sold to the current Buyers of SCON
Shares ~~~~~ PRICE SOLD ~~~~~ Trade Value ~~~~~ Price Paid ~~~~~ Profit Gain/Trade
12,500 ~~~~~ $32.00 ~~~~~ $400,000.00 ~~~~~ $31,250.00 ~~~~~ $368,750.00
7,500 ~~~~~ $31.88 ~~~~~ $239,062.50 ~~~~~ $18,750.00 ~~~~~ $220,312.50
10,000 ~~~~~ $31.69 ~~~~~ $316,875.00 ~~~~~ $25,000.00 ~~~~~ $291,875.00
5,000 ~~~~~ $32.13 ~~~~~ $160,625.00 ~~~~~ $12,500.00 ~~~~~ $148,125.00
7,500 ~~~~~ $31.88 ~~~~~ $239,062.50 ~~~~~ $18,750.00 ~~~~~ $220,312.50
7,500 ~~~~~ $31.63 ~~~~~ $237,187.50 ~~~~~ $18,750.00 ~~~~~ $218,437.50
27,500 ~~~~~ $31.38 ~~~~~ $862,812.50 ~~~~~ $68,750.00 ~~~~~ $794,062.50
10,000 ~~~~~ $31.25 ~~~~~ $312,500.00 ~~~~~ $25,000.00 ~~~~~ $287,500.00
12,500 ~~~~~ $31.00 ~~~~~ $387,500.00 ~~~~~ $31,250.00 ~~~~~ $356,250.00
10,000 ~~~~~ $31.13 ~~~~~ $311,250.00 ~~~~~ $25,000.00 ~~~~~ $286,250.00
27,500 ~~~~~ $30.63 ~~~~~ $842,187.50 ~~~~~ $68,750.00 ~~~~~ $773,437.50
12,500 ~~~~~ $30.56 ~~~~~ $382,031.25 ~~~~~ $31,250.00 ~~~~~ $350,781.25
15,000 ~~~~~ $30.56 ~~~~~ $458,437.50 ~~~~~ $37,500.00 ~~~~~ $420,937.50
47,500 ~~~~~ $30.50 ~~~~~ $1,448,750.00 ~~~~~ $118,750.00 ~~~~~ $1,330,000.00
12,500 ~~~~~ $30.38 ~~~~~ $379,687.50 ~~~~~ $31,250.00 ~~~~~ $348,437.50
10,000 ~~~~~ $30.00 ~~~~~ $300,000.00 ~~~~~ $25,000.00 ~~~~~ $275,000.00
10,000 ~~~~~ $30.06 ~~~~~ $300,625.00 ~~~~~ $25,000.00 ~~~~~ $275,625.00
5,000 ~~~~~ $31.44 ~~~~~ $157,187.50 ~~~~~ $12,500.00 ~~~~~ $144,687.50
10,000 ~~~~~ $31.00 ~~~~~ $310,000.00 ~~~~~ $25,000.00 ~~~~~ $285,000.00
15,000 ~~~~~ $30.13 ~~~~~ $451,875.00 ~~~~~ $37,500.00 ~~~~~ $414,375.00
15,000 ~~~~~ $30.38 ~~~~~ $455,625.00 ~~~~~ $37,500.00 ~~~~~ $418,125.00
10,000 ~~~~~ $30.50 ~~~~~ $305,000.00 ~~~~~ $25,000.00 ~~~~~ $280,000.00
5,000 ~~~~~ $30.88 ~~~~~ $154,375.00 ~~~~~ $12,500.00 ~~~~~ $141,875.00
20,000 ~~~~~ $30.63 ~~~~~ $612,500.00 ~~~~~ $50,000.00 ~~~~~ $562,500.00
13,000 ~~~~~ $30.25 ~~~~~ $393,250.00 ~~~~~ $32,500.00 ~~~~~ $360,750.00
5,000 ~~~~~ $30.13 ~~~~~ $150,625.00 ~~~~~ $12,500.00 ~~~~~ $138,125.00
7,000 ~~~~~ $30.38 ~~~~~ $212,625.00 ~~~~~ $17,500.00 ~~~~~ $195,125.00
5,000 ~~~~~ $30.25 ~~~~~ $151,250.00 ~~~~~ $12,500.00 ~~~~~ $138,750.00
5,000 ~~~~~ $30.13 ~~~~~ $150,625.00 ~~~~~ $12,500.00 ~~~~~ $138,125.00
10,000 ~~~~~ $30.19 ~~~~~ $301,875.00 ~~~~~ $25,000.00 ~~~~~ $276,875.00
5,000 ~~~~~ $30.25 ~~~~~ $151,250.00 ~~~~~ $12,500.00 ~~~~~ $138,750.00
10,000 ~~~~~ $30.06 ~~~~~ $300,625.00 ~~~~~ $25,000.00 ~~~~~ $275,625.00
15,000 ~~~~~ $30.00 ~~~~~ $450,000.00 ~~~~~ $37,500.00 ~~~~~ $412,500.00
5,000 ~~~~~ $30.19 ~~~~~ $150,937.50 ~~~~~ $12,500.00 ~~~~~ $138,437.50
5,000 ~~~~~ $30.00 ~~~~~ $150,000.00 ~~~~~ $12,500.00 ~~~~~ $137,500.00
2,500 ~~~~~ $31.00 ~~~~~ $77,500.00 ~~~~~ $6,250.00 ~~~~~ $71,250.00
500 ~~~~~ $31.44 ~~~~~ $15,718.75 ~~~~~ $1,250.00 ~~~~~ $14,468.75
2,000 ~~~~~ $31.00 ~~~~~ $62,000.00 ~~~~~ $5,000.00 ~~~~~ $57,000.00
2,000 ~~~~~ $31.50 ~~~~~ $63,000.00 ~~~~~ $5,000.00 ~~~~~ $58,000.00
10,000 ~~~~~ $31.75 ~~~~~ $317,500.00 ~~~~~ $25,000.00 ~~~~~ $292,500.00
2,000 ~~~~~ $32.50 ~~~~~ $65,000.00 ~~~~~ $5,000.00 ~~~~~ $60,000.00
5,000 ~~~~~ $31.00 ~~~~~ $155,000.00 ~~~~~ $12,500.00 ~~~~~ $142,500.00
2,500 ~~~~~ $30.00 ~~~~~ $75,000.00 ~~~~~ $6,250.00 ~~~~~ $68,750.00
2,500 ~~~~~ $30.00 ~~~~~ $75,000.00 ~~~~~ $6,250.00 ~~~~~ $68,750.00
1,000 ~~~~~ $20.31 ~~~~~ $20,312.50 ~~~~~ $2,500.00 ~~~~~ $17,812.50
440,000 ~~ $1,375.88 ~~ $13,514,250.00 ~~ $1,100,000.00 ~~ $12,414,250.00
440,000 ~~~~~ $1,375.88~~ $13,514,250.00 == totals
$30.58 == average sales price, today's RTQ is 20 7/8
Price Paid for Shares == $2.50
Total Shares 440K---- == 440,000
Total Paid for Recently Sold == $1,100,000.00
Total Profit for Shares of 6/99 == $12,414,250.00
Great Deal ehhhhhhh? |
