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Point.360 Message Board

  • irish1111_99 irish1111_99 Jun 30, 2000 9:51 PM Flag

    Volume

    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?

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    • is not a happy camper? good. when he works his
      butt off to increase the share value, all shareholders
      are rewarded. hope he is successful.

      does he
      appear to be up for the job of growing VDIM? is he a
      competent executive?

    • I don't like the current trading pattern. Volume is generally on the downside, and it looks like the market is forecasting a BAD quarter!

      • 1 Reply to stockass
      • 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?

 
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