|
Karyn,
Forgot to add this earlier.
The acquisition was canned but there was no
accompanying announcement about not proceeding with plans for NASDAQ
listing so this is still proceeding.
----- Original Message -----
Sent: Friday, April 02, 2004 3:02
PM
Subject: [sharechat] RE: MUL
announcements
Hi Chris
I was thinking more about the run up in the stock
price and the large volume
of sales that occurred the week or so before
the "we're going to buy a US
company and list on the NASDAQ" announcement,
during which period one of the
directors made several sales of his
shares.
Nothing like leaking a bit of insider information, get everyone
excited,
push the share price up, sell your shares, make the announcement,
sell more
shares, then can the whole deal a month later, at which point
the share
price is back to normal.
That's what makes me
suspicious. Still, if you know their game, I guess
you can
take advantage of it - just watch for another run up, an
announcement, and
make sure you get in and out
quick.
Karyn
_________________________________________________________________
Get
Extra Storage in 10MB, 25MB, 50MB and 100MB options now! Go to
http://join.msn.com/?pgmarket=en-au&page=hotmail/es2
----------------------------------------------------------------------------
To
remove yourself from this list, please use the form at
http://www.sharechat.co.nz/chat/forum/
|
See IRG research reports
