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To: jhild who wrote (3709)11/30/1998 4:27:00 PM
From: jmt  Read Replies (1) | Respond to of 4814
 
You don't suppose the share repurchase program is contingent on the sale of that $10M little parcel of land? I am interested to see the cash on the balance sheet earmarked for the repurchase.

Oh! I forgot. The shares being repurchased could be restricted. And repurchased in privately negotiated deals. So any cash could be used to repurchase "Trust" shares at a premium to market. But then the auditors may not sign off on the financials, which are to be released tomorrow.

jmt




To: jhild who wrote (3709)12/5/1998 5:26:00 PM
From: Janice Shell  Respond to of 4814
 
At 75K shares a day they may be able to fulfill their 10 million share goal in about 9 more trading months.

As others have remarked earlier (you, I think, actually), I gather the idea is to buy back restricted shares, not stock already in the float.


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