GREY:AATSF - Post by User
Post by
mjp_ottawaon Aug 09, 2000 7:59pm
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Post# 2302759
Insiders were selling
Insiders were sellingInsiders at Toronto-based Aastra reduced their stakes in the company last month.
Brett Allan, vice-president, sold 12,500, more than 75% of his total position, between June 2 and June 27. Allan sold the shares for prices ranging from a low of $11.25 to a high of $13.00. Allan reportedly still holds 4,000 shares.
Hughes Scholaert, a director with Aastra, sold 10,000 shares to hold 18,702. Schloaert sold the shares between May 15 and June 5 at prices between $10.52 and $13.00.
Shares of Aastra have since pulled back from those prices despite the company announcing record net sales for the 13th quarter in a row. Second-quarter sales more than doubled. Aastra reported income of $3.4 million or $0.26 a share, compared to $1.1 million or $0.12 a share for the same period last year.