Travelzoo... A0BK92 ...
1000% gemacht hat, das ganze ohne das man es sinnvoll erklären
kann, so fällt es schwer, sich jetzt noch zum Einstieg bewegen zu können.
Gruß Palme
Auhof
Late Wednesday, Bartel, who owns 85% of Travelzoo's stock, filed a registration statement to sell 750,000 shares, or roughly 4% of the 15.6 million shares he owns. Based on Travelzoo's closing price of $87.72, Bartel's planned sale would net him $65.8 million.
Along with Bartel, the company's primary investment banker, Wedbush Morgan, is registering 30,000 shares that it had previously obtained from Bartel in an October 2003 agreement. Last month, Bartel exercised options to transfer the shares to Wedbush Morgan.
The timing of Bartel's planned sale of stock is curious, however.
In October, the 38-year-old former advertising executive announced a plan to sell 750,000 shares. But he changed his mind after a group of hedge funds that invested in a $30 million private placement objected. The hedge fund investors had asked Bartel to delay selling any large block of stock until the Securities and Exchange Commission approves their application to sell another 750,000 shares.
As of early today, sources say the SEC had not yet approved the registration statement filed by Travelzoo on behalf of the hedge fund investors in the so-called PIPE, or private investment in public equity, investment.
One of the larger investors in the PIPE is E*Capital Corp., a principal shareholder in Wedbush Morgan.
Kelly Ford, Travelzoo's investor relations director, says the PIPE deal is not yet effective. He says Bartel's filing of the registration statement will enable him to sell shares no sooner than 15 days after the SEC approves the PIPE deal.
Das könnte den Richtungswechsel nach unten auslösen!
Grüsse Auhof
in der Spitze dann bei 80 Dollar,
mittlerweile wieder bei etwas über 20..
schade hier bei Ariva ist nur das letzte gut halbe Jahr abgebildet..
warum eigentlich ?