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Magellan Petroleum Corporation Message Board

  • taffytaft taffytaft Sep 7, 2010 9:14 AM Flag

    So we got a tremendous


    bargain from Santos but coming up with financing for it will be tough. Gee no having it both ways here.
    And Bogie sells another 50k but manages to average $1.75 a share for it. Now let's see"
    This is out of his personal 1.1 million shares that he paid $1.40 each for last October. Here he is taking a short term gain where if he could have held out another two months on his total 150k sales he would have a long term gain. Not only will he pay a lot more to the feds but his domicile is MA where he will pay 12% capital gains tax. But hey it's only pocket change for him, right? Then why isn't he taking into account how bad this looks and using a little more discretion? Ask Hastings about that. And again dare I have the temerity to point out that the 5 mill at 3 each hasn't yet happened and in fact the deadline for that which was originally next week has been pushed to the end of the year?

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    • Since when are you "we" Taffy? You certainly have enough negatives to throw out here. Don't use the word "we" if you aren't long here. Tell us if you own shares so maybe I/we will listen a little more to you. Otherwise you have nothing at risk and who cares what you say and why would you waste time here as well.
      Time will tell who's right here after all.

      Best of trades

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