Ann: Net Tangible Asset Backing, page-19

whole heartedly agree danhoff, he & his ALF look to be the only buyers atm & if not illegal it seems unethical at least to halt a buyback when its only outcome could be to buy shares personally cheaper. It would be much better if he concentrated on improving ALFs performance over his own. Either he knows he’s going to sell back to ALF at a profit or liquidate the fund for a profit (if that’s not insider trading I’m confused) or he genuinely believes he’s going to turn it around. If it’s the former then it’s a good time to buy, it it’s the later then good luck! Once he’s stopped buying & the buy back is done & it looks like business as usual then who’s left to buy?