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Message: did you all go off for the weekend?

area plays insider selling

posted on Dec 01, 2007 03:53PM

good call on the insider selling on the area plays.  SGX and ATV have been particularly hard hit.  That has a lot to do with the way their PPs were structured - tons and ton and tons of cheap shares that have to be eaten up.

SGX has just two more batches of cheap shares coming up for trading:  12 cent shares trading Jan 6, and 14 cent shares trading February  19.  After that it's 50 cent shares only.  A bit of a muchness to swallow.

I don't have the PP schedule handy.

KXL had some cheap shares in the far past, but those have already been through the mill by now - no more overhang.

Let me know what you think

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