Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Rat dog micro-cap picks... -- Ignore unavailable to you. Want to Upgrade?

To: Bucky Katt who wrote (32017)	12/1/2006 12:09:56 PM
From: Skywatcher	Respond to of 48461

If Tracinda was the seller of the stock that traded late Thursday, the deal would have given the firm a loss of about $10 million on all 56 million shares, not counting any dividends. But Kerkorian, who paid an average of $30.24 a share for his GM holdings — almost $1.7 billion in all — would appear to be getting out with a small profit if he has sold only half his holding. The sale of Tracinda's second block of 14 million shares is set to close today at $28.75 apiece; the initial block was sold at $33 a share. Together, the two sales gave Kerkorian a gross profit of $1.27 a share, or $17.78 million. from LATIMES