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MasTec, Inc. Message Board

  • dontdropyourlunch dontdropyourlunch Nov 8, 2012 10:09 AM Flag

    The stock sale announcement was to let us know the stock was already sold

    The 3.3M shares the MTZ founders announced were already sold to some institution. The announcement was simply a "for your information," and to satisfy the SEC rules. So there is no danger of the stock getting into the daily trading to move the stock price down. But some trading seem to be treating it as a future sale instead of a sale that has already been concluded.

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