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Message: RE: 3,000,000 shares acquired ...PAUL...- Gil

RE: 3,000,000 shares acquired ...PAUL...- Gil

posted on Apr 02, 2006 06:00AM
From your post:

If they did not think the shares were going up, they would not excercise them...

Any way youi paint it, insiders buying is as ``Positive`` a event as we have had a long time...

It appears you think they exercised their options. They didn`t. They were granted options. Even if they wanted to exercise options they couldn`t at this point in time. Insiders are limited to a 15 day window after the release of financials to exercise options, purchase or sell shares on the open market. Thats why Putnam and Blakley exercised their options within the 15 day window after the release of financials on valantines day. That was the good newsand that was a month ago. This form 4 filing is not a big deal. It probably represents one of the decisions made during a very receint board meeting. I`d love to know what else they talked about.

Larry

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