RE:Sorry To Interrupt the Squabbling and Bickering.....Corporate stock buyback increases his personal % ownership, opening up some wiggle room to sell a bit.
pjecan wrote: .....but I have a question.
Mr. Pascali (the person) has given notice that he may sell 400,000 shares of PYR starting Jan. 21. PYR (the Company) has given notice of it's intention to buy back 5,000,000 shares on the open market during this year.
As Mr.Pascali owns 50% of PYR doesn't the above make him a net buyer of PYR albeit indirectly?
Considering Mr.Pascali owns 77,000,000 shares of PYR selling 44,000 of them to put some cash in his jeans after all his hard work is a drop in the ocean.
I think probably tomorrow, Monday, the cockroaches will come out screaming CEO Insider selling to scare folks. I for one will ignore them.