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Technology Stocks : Nam Tai Elec. (NTAI) -- Ignore unavailable to you. Want to Upgrade?


To: John Gault who wrote (1329)4/2/1998 8:08:00 PM
From: BUFFY Z  Read Replies (1) | Respond to of 1696
 
I have to admit, i am shocked that is was Mr. Koo selling those shares. Why on earth did he go on margin to buy the shares in the first place if he wasn't going to hold them. There is still 1 unanswered question, who bought the shares. I have a feeling it was the company since the stock price held up. i will call tomorrow and see, but i am almost certain that is was the company using the share buy-back program. If it wasn't, i think the price would have fell more yesterday. I have been positive about Mr. Koo and what he has been doing, but i have to admit, him basically selling his shares back to the company makes me wonder. I hope it was not the company who bought them, but i feel strongly that it was, i will find out and let you guys know.

Buffy Z



To: John Gault who wrote (1329)4/2/1998 10:45:00 PM
From: David Seltzer  Read Replies (1) | Respond to of 1696
 
Koo buys shares and warrants for $17 hoping they will increase in value.When he sees that the stock is not going to move-up(even with his news releases) he decides on a company buyback.He then sells his shares to the company(I don't know for sure).This is unethical as well as self-serving.It also may be illegal.Does anyone at that company have a conscience?Lets see if anyone gets a straight answer from the
company? Koo must think investors are idiots.In addition,he has no
idea about what to do with the $47 million the company raised in the rights offering.In essence,I don't trust Koo.Lining his pockets is his
#1 priority.If he has sold his stock back to the company we should
call the SEC and NASDAQ to find out if it was legal.

David