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Ruby Tuesday, Inc. Message Board

  • sonnedelite sonnedelite Nov 6, 2013 12:07 PM Flag

    insider buy

    new ceo bought 100,000 shares at 5.88 on 11/4/13 for about 588k $

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    • Thats a positive but does it outweigh the Chairman selling out & resigning ?

      Still no 13d or another 8k showing any disagreement.

      I would have thought that Drapkin would have to file a 13d on top of the form 4.

      In any event, RT could & should have come out & said something more than they did.

      I sold near the low. Possibly a mistake on my part.

      But, my long term confidence in the ultimate turnaround is shaken. Its possible but if they dont turn sales fairly soon, they are looking at having to sell the rest of their owned land and possibly even selling below market private placement shares. Or a rights offering. Any of which would be a negative.

3.10+0.05(+1.64%)Aug 26 4:02 PMEDT