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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?


To: hoffy who wrote (8256)5/7/1999 5:51:00 PM
From: Boddington  Respond to of 52051
 
Hoffy - re: GRPV

Hast thou any idea when and how said 6 million shares will be bought?

I understand the float to be near 50M, but other threads claim 17M. Is it safe to say that given the large # of shares to be purchased by the CEO that the latter # is probably correct.

Further, since nothing has happened that should be a surprise to the CEO since the price of this stock was so much lower, why wouldn't he have bought then?

I am far too long GRPV at over 40c avg., so I am hoping for the best, but this announcement seems a little vague to me (to be polite). Normally the time and method of share purchase would be given in such an announcement, methinks.

Canst thou speaketh to these points ?

Thanks in advance.



To: hoffy who wrote (8256)5/7/1999 6:13:00 PM
From: Boddington  Read Replies (1) | Respond to of 52051
 
My mistake - the GRPV press release clearly states "has purchased" (past tense).

I still wonder : when, how, & for how much.

Thanks to anyone who has a clue.



To: hoffy who wrote (8256)5/7/1999 10:57:00 PM
From: Stock Watcher  Read Replies (1) | Respond to of 52051
 
hoffy; on GRPV; this stock maybe your legacy...if the Pres. is buying 6M shares...how much more of an indicator do we need to see the light ? He's spelling it all out for us...all we need to do is pay attention to the clues...sw