Ahhhh PT surely simplistic look at it.The average does not equal the mean:)
Around 6m purchased by 5-5-16 when price was $3.25
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https://www.youtube.com/watch?v=oNdVynH6hcY
All together on the chorus
Best Wishes
Paper Tiger
BUT Say Average 5.7m purchased by SSH Jan 2016 $.8 to $2.9, brought at average buy price $2.1 =$11.97m
Average 1.4m?(maybe less) purchased at $ 2.9 To $ 3.6 ,average buy price $3.15 =$4.41 m
Average purchase price 7.1m? maximum number of shares owned? =$2.30 not $3.709
So what do we like better,average or mean?
So let us go back to the origin of my numbers: the SSH issued today.
It says since the last SSH:
Buys: 2,666,081 for $9,889,081 or a mean (if you insist) buy price of $3.709;
Sells: 4,026,873 for $12,755,914 or a mean sell price of $3.168.
Simple sums from which you can draw your own conclusions if you want to. I have mine.
I could not give a pair of fetid dingo's kidneys what weird numbers you want to drag into the conversation to justify whatever it is you want to prove.
The Pan Galactic Gargle Blaster is an alcoholic beverage invented by ex-President of the Universe Zaphod Beeblebrox, considered by the Guide to be the "Best Drink in Existence". Its effects are similar to "having your brains smashed in by a slice of lemon wrapped round a large gold brick".
Damn, I am out of lemon slices.
Paper Tiger
Interesting, isn't it?
PIE disclosed 5.99% or 3.7m shares as at Sep 15 - the chart up to then would tend to suggest their entry price up to then would have been well under $1.00.
Next disclosure on 22 Sep saw PIE going to 7.01% at an average of $1.425.
Disclosure on 12 Nov showed increase to 8.22% or 5.07m shares - bought at between $1.52 to $1.65.
28 Jan SSH showed 9.28% with 657,682 shares bought at between $1.65 to $2.92.
10 May showed 10.29% with 636,900 shares bought (and sold) at between $2.92 and $3.49.
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Latest SSH shows PIE selling net 1.36m shares at between $2.50 to $4.97 to take shareholding back to 5.0m shares or 6.92%.
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Observation :
The shares that PIE has left now were all bought at well under $1.65 per share - more like an average of around $1.25 at a guess.
The shares that PIE bought between Nov 2015 and May 2016 have been sold and PIE certainly would have made money on them - the practice of buying and selling shows that PIE is actively trading the stock.
The fact that PIE was able to cross volume at $2.50 and then, at $2.65 suggests to me that PIE can find volume buyers at over $2.50 so it is unlikely that the last 2 days program buying and selling is PIE!
Since we're quoting HHG2G, this seems oddly appropriate:
“So this is it," said Arthur, "We are going to die."
"Yes," said Ford, "except... no! Wait a minute!" He suddenly lunged across the chamber at something behind Arthur's line of vision. "What's this switch?" he cried.
"What? Where?" cried Arthur, twisting round.
"No, I was only fooling," said Ford, "we are going to die after all.”