Tuesday, November 20, 2007

For a Complete Change of Pace....


I will not make any commentary, just put out the "facts" since when I say anything at all, it tends to rile up the RTAs. No comments, I will let the numbers speak for themselves.
(all information can be verified on the financial pages of Yahoo or Google)

August 1, 2007 stock closed at $8.50
August 2, 2007 stock closed at $3.75
November 19, 2007 stock closed at $0.99

Former CEO Michael Brent is the single largest shareholder in YTB. Since August 2, 2007, he has sold 983,184 shares of stock and received $2,070,983. He is selling stock very frequently and usually daily. He still owns 14.1 million shares

Current Chairman Lloyd Tomer sold 1 million shares on January 24, 2007 earning him $6.69 million dollars. He sold an additional 14K shares on September 13, 2007 resulting in $39,200. On September 14, 2007, he sold 2K shares resulting in $5,600. He still owns 2.6 million shares and is considered the smallest shareholder of the company's major shareholders

Kim Sorensen has also sold stock, but not to the degree of the others and is the company's second largest shareholder with 8.9 million shares.

The average volume is 242,000 shares bought or sold on an average day. On August 8, 2007, there were 864,800 shares bought and sold. That day, the stock opened at $6.75 and closed at $4.00 a drop of 59.94%

Since August 1 to yesterday the stock has dropped 88.35%

In 2007, two of the major shareholders and two founders of the company have sold off $8,807,076 worth of YTB stock. In 2007, the stock has gone from a high of $9.50 to a current level of under a dollar.

Currently YTB has a market cap of $95.2 million which is down from $119 million two weeks ago. The top three investors (all founders) currently own only 25.6% of the company. There are an additional 69 million shares out there that were purchased for a price higher than $0.99.

1 comment:

  1. glad I didn't buy stock in this company...just curious why the owners would sell their stock?...did they consider it a short term investment?...why if the company is doing so good would they not go long? wouldn't their stock be worth more if they would of stayed in?...I just don't know anyone that had confidence in a company would go short term?.....

    majorrsd@aol.com


    www.majoradventure.com

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