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Glentel Inc GLNIF

Communication Services Telecom Services


GREY:GLNIF - Post by User

Glentel Inc > why are Alan Skidmore and David Hartman selling stock?
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Comment by ascii2on Nov 09, 2013 1:45pm
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Post# 21891602

RE:RE:why are Alan Skidmore and David Hartman selling stock?

RE:RE:why are Alan Skidmore and David Hartman selling stock?Glentel started as TCG in 1963 on stock exchange and if board of directors want to sell few stocks, I won't read much in it unless it is significant chunck of their holdings. Thomas Skidmore is holding his shares, so is Carry Skidmore so I am not concerned. Also this quarters estimate is very low due to all expenses incured in buying companies. Low estimate is 9 cents.
https://finance.yahoo.com/q/ae?s=GLN.TO+Analyst+Estimates
so I am looking forward to last quarter and ahead. It takes significant amount of renovations and training to bring all 1300 shops to Wireless Wave standard. Also keeping enough stock for 6-8 weeks and paying down purchase price takes big chunk of cash flow. I am ok with minimum profit this time . Once everything is in order profits will keep growing.
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