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To: M. Murray who wrote (14178)4/28/1998 3:11:00 PM
From: TrumpCards  Respond to of 27968
 
MM, was this a buy at .45 of 250,000 shares? Could this be a stock buyback by the company in anticipation
of the upcomming financials?

I think we will see a nice jump up in price by this time next week.

Trump



To: M. Murray who wrote (14178)4/28/1998 3:14:00 PM
From: Brad  Read Replies (6) | Respond to of 27968
 
I think I might have something on those large blocks. I've been talking to a guy that knows a lot about how this stuff works and he told me this...

Any big buyers that bought in a higher range (i.e. 55› to 68›) have an opportunity to make money when a stock takes an unexpected drop (i.e. 45› range).

They can have an account offshore and then "sell" their shares to themselves (to their offshore account) and claim a "loss" on the sale.
And they STILL OWN the shares.

These same shares can be sold at any time in the future for a profit and because the sale comes in from offshore, they avoid income taxes.

It's pretty clever because they can claim a loss up front and reduce their taxes now and still make a profit later and not have to pay the taxes.

That's the story they thought was happening here. Pretty smooth.

The guy said it's actually a pretty good sign for the stock because it shows big buyers have the long term confidence in the stock.

That was his opinion, anyway. Sure is interesting! I learn something new every day.

Best wishes,
Brad