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Emmis Communications Corp. Message Board

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  • ScottW2000 ScottW2000 Mar 15, 2011 4:18 PM Flag

    Free Fall on Low Volume

    "Alden has been engaged in a regular program of selling off “EMMS” stock, and it’s been getting less and less money out of it." Starting with the March 4 sale of a block of 67,100 shares, Alden got $1.15 a share that day, but then $1.11 on March 7, $1.07 on March 8, $1.09 on March 9, $1.07 again on March 10 – but just 98 cents a share on March 11. The next important date for Emmis is March 21, the date to submit shareholder proposals and nominations for directors. Despite the selloff, Alden still owns a large piece of the Emmis pie - 8.47% of company's outstanding stock.

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