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Saga Communications, Inc. Message Board

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  • pennywise6678 pennywise6678 Jul 16, 2006 9:11 AM Flag

    Goldstein Watch

    Let's update the situation:

    Since March, the share price of SGA has dropped another $1.13.

    That means Mr. Goldstein has made another $140,373 versus the current share price ($8.02) by dumping half his shares.

    And the poor suckers who bought the 124,198 shares of stock that Goldstein dumped in Nov & Dec '05 are now in the red to the tune of $576,482.

    Here's another way to look at it: Since Goldstein's stock dump 8 months ago, the share price has dropped 36%.

    I guess there is one small ray of sunlight in all of this: Since no Form 4 came through it looks like that million share dump from 7/2 didn't include Goldstein unloading his remaining shares!

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    • HA! And how did I forget to point THIS out:

      Ladies and Gentlemen--The 3rd Annual Goldstein Share Dump has come to pass! 35,000 shares in the first half of this month....a cool quarter of a million dollars worth--at least that's what they were worth then...when the share price was a buck-fifty higher--just ask the poor suckers who bought the shares he dumped.

      LOL! I guess this means we'll be at $3 and change by the time next year rolls around, huh! Does he even have any shares left to dump next year? 'Cause he and the management team sure as hell don't seem to be buying at these incredible "fire sale" prices.

      What a dog this stock is. Maybe if they try real hard this stock could land on the Pink Sheets by the end of 2008.

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