Lots of volume the last couple of days, including a large day on Friday. I assume most of the selling was done by institutions or funds getting out before the end of the quarter. But who was doing the buying? Was it the company itself? Does anyone have any idea?
I would agree with you that the trading pattern does not look very good. But we have had some very heavy volume days in the last couple of weeks, and for every seller there has to be a buyer. There are far fewer buyers as is evidenced by the stocks decline, but I still wonder who the buyers are. VDIM did say in one of their announcements after the Bain Merger termination that they would buy back from time to time up to 2 million of their shares at prices up to 15.00 per share.If they were to do that, they could at todays prices buy up the entire public float and go private. Insiders currently own almost 6 million shares of the nine million shares outstanding.Three million shares purchased at todays prices would only cost 18 million or slightly more than one half the amount they said they would be willing to spend. Any thoughts on this?