STUDENT TRANSPORTATION INC 5.25 PCT DEBS T.STB.DB.A

RE:RE:RE:RE:You make some good points ...

[ffhwatcher3]

SNCF - They had 15.1M shares at July 15, 2015.  That makes their dividend $500k/mo (or 100,000+ shares if they are a member of the DRIP and they get more and more each month) and if you follow Sedi.ca you can track that, in fact, this is happening with SNCF each month.
Going fwd, that is 1.2M shares in the DRIP via SNCF and in 2015 there are only 1.45M shares in the DRIP. 
Are you suggesting that if SNCF is in fact trying to liquidate (how do you know that trade is them?) that those 4M shares are likely no longer in the DRIP and if they are liquidating than they may liquidate all their shares and may therefore pull out all their 1.2M DRIP shares?
That would be significant.
On the other hand, Denis Gallagher is purchasing shares constantly in the open market.  Something like 27k shares so far this year alone is about $135k. Not chump change.  His holdings are up to over 700,000 shares, making his dividend in the same ballpark as his salary.  
Interestingly enough, he does not look to be in the DRIP.  There could be regulatory reasons for that (he could buy shares during a blackout period via the DRIP which may not be permitted).  CFO is also being some small amts. $35k or so this year. 
Interesting times, indeed.