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Message: Re: Swartz's sale of shares...EMT
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Feb 14, 2008 08:16AM

Feb 14, 2008 08:28AM
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Feb 14, 2008 08:41AM

Feb 14, 2008 08:49AM
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Feb 14, 2008 09:38AM
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Feb 14, 2008 09:49AM
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Feb 14, 2008 09:52AM
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Feb 14, 2008 10:06AM
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Feb 14, 2008 10:22AM

Good observation, and I do believe Swartz didn't (couldn't - per the warrant buy-back agreement) start selling post-warrants shares until Nov 1.  So, 14M shares disposed in about 7 weeks (holidays) means he was dumping an ave of 2M per week.  Wow!

I KNOW my hopes were extreme in hoping only 5-10M left.  Tucci's calculation that the ave per day sales of shares by Swartz in '07 was 57,000 (which is a lot), without driving the PPS down too much.  Pretty impressive, if you think about it.  Nov/Dec - much more impressive.

Now if the recent trend (Nov/Dec) holds up, 2M shares dumped per week, it's possible that at that rate the remaining shares would all be gone in about 12 weeks.  That would be mid-May.  More importantly, at that rate, S&L would be down to about 8M shares remaining on April 9 (which, BTW, is my B-Day).  He could go emty on April 10 (volume).

Hopeful thoughts....  Some more signings would sure help this along. 

FWIW,

SGE


Feb 14, 2008 12:08PM
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Feb 14, 2008 12:20PM
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