What does this mean?(NewsTraders) B: Rogers Cablesystems Files To Sell 490,944 At Home SharesRogers Cablesystems Files To Sell 490,944 At Home Shares (ATHM) (NewsTraders.com)-- Insider Details Source: Form 144 released today by the SEC Transaction: Proposed Sale Company filed on: AT Home Corp. (ATHM) Filed by: Rogers Cablesystems Ltd. Filer's relationship to company: Unknown Number of shares: 490,944 Aggregate market value: $68,000,000 Approximate date of sale: 1/27/99 Company shares outstanding: 105,329,712 Broker: Credit Suisse First Boston Note: The information used in this story is taken directly from the Form 144filing, except for supplemental information provided in parentheses, whenapplicable.
Any speculation as to the why?
Could they be using the proceeds of the sale to upgrade their Cable Network?
Rogers Cable has a huge debt problem - this why the stock has been in the toilet until the recent linkage with @Home. I suspect the sale may have more to do with debt repayment than any upgrades, IMHO.Whistler
What does this mean? (NewsTraders) B: Rogers Cablesystems Files To Sell 490,944 At Home SharesWhat part exactly don't you understand/
they have to file a Form 144 to sell any restricted shares. Follow the link to see what they did in 1998.Lots of planned sales but no shares sold.http://biz.yahoo.com/t/a/athm_415823.html
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |