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Technology Stocks : Vitech America tackles Brazil -- Ignore unavailable to you. Want to Upgrade?


To: Tom Dooley who wrote (151)10/5/1998 12:24:00 AM
From: Ken Brown  Respond to of 153
 
why the recent insider buying
According to Market Guide, 26,000 shares have been purchased by insiders in the last 6 months. During the same period, institutional holders have sold a net 113,000 shares.

and debt conversion to stock?
In the third quarter, the Company will accrue an approximate $1 million, one-time charge, reflecting the value of additional shares given to convertible bond holders as incentive to convert early.

The more important question, IMO, is why the huge increase in inventories & receivables during the previous quarter?

Ken