Ok, lets figure this selling out because once it is over there
is a good chance the stock price will go boom, into orbit, to
the moon you get the drift. First a few assumptions and yes I
know what happens when you ass-u-me LOL.
1. All the selling is going through Merril Lynch (MLCO) who is currently on the ask so he still has some shares left to sell.
2. Most investors don't have Merril Lynch accounts so most of
the volume is probably the fired insiders.
3. All 144 filings for Merril Lynch will be sold I don't think this is true but I am going for worst case scenario here.
Ok now to the numbers.
John Aleckner and his EX wife 2,191,694
LOESBERG LANCE SH 01/28/2004 476,786
AVELKNER MICHELLE SH 12/29/2003 200,000
AVELKNER LINDA SH 12/29/2003 200,000
SHEELEY JOSEPH SH 10/29/2003 336,561
Total Merril Lynch shares to be sold 3,405,041
Monthly totals of all shares sold through Merril Lynch. Notice
the first time shares were ever sold through Merril Lynch was
in October 2003 probably after the first 144 filing.
October 2003 - 46,365
November 2003 - 41,448
December 2003 - 829,079
January 2004 - 564,718
Total 1,481,610
I won't have February's numbers until next week but here are
the total amount of shares traded for the month. If most of
these shares are through Merril Lynch the selling should be
almost over.
02/02/04 0.235 0.240 0.200 0.210 801,600
02/03/04 0.210 0.215 0.200 0.200 926,100
02/04/04 0.220 0.240 0.200 0.230 389,200
02/05/04 0.240 0.260 0.225 0.260 444,500
02/06/04 0.270 0.280 0.255 0.270 310,900
02/09/04 0.280 0.300 0.250 0.290 341,800
02/10/04 0.260 0.300 0.260 0.260 28,300
02/11/04 0.290 0.290 0.265 0.265 61,200
02/12/04 0.265 0.270 0.265 0.270 7,500
02/13/04 0.285 0.285 0.265 0.270 82,600
02/17/04 0.260 0.270 0.250 0.270 103,500
02/18/04 0.250 0.270 0.250 0.255 32,800
02/19/04 0.255 0.270 0.255 0.255 129,100
02/20/04 0.270 0.270 0.240 0.270 141,500
02/23/04 0.270 0.270 0.230 0.230 48,600
02/24/04 0.260 0.260 0.230 0.240 111,400
02/25/04 0.230 0.240 0.230 0.235 44,700
02/26/04 0.230 0.240 0.230 0.235 119,500
Total 4,124,800
IMO one sales release should clear out the rest of the sellers.
