Actually it reduces outstandings by closer to 4%. The message remains the same....close to a bottom. It's just like the Europeans to sell out at the bottom. In fact at a price lower than the bottom. I think we'll all be surprised where this is trading this time next year. Buy your straw hats in winter.
lockup ended June 2001. Means they sold 9.2M on the open market before closing out with this deal. Wonder if SBIC selling pressure accounted for CCI's poor performance vis-a-vis AMT & others over the past short period?