24/7 Wall St.
06-26-2008, 09:22 AM
24/7 Wall St. Daily News
Xinhua Finance Media Limited (NASDAQ: XFML) has been a troubled stock of late. The Chinese news agency has been plagued with problems, scandal, and controversy almost since day one after its IPO. The company has tried many new initiatives to stabilize the company and to alleviate concerns. Actions announced today may do more than anything else as these were insiders acquiring shares of stock in the company. Below is a brief summary: Ms. Bush (CEO) purchased 50,000 ADSs at an average price of $2.25 on 23 June, 2008. Mr. Olson (independent director) purchased 100,000 ADSs at an average price of...http://feeds.feedburner.com/~f/typepad/RyNm?i=6BjHOI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=6BjHOI) http://feeds.feedburner.com/~f/typepad/RyNm?i=J6bJDI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=J6bJDI) http://feeds.feedburner.com/~f/typepad/RyNm?i=zy4Q1i</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=zy4Q1i)
complete story here... (http://www.247wallst.com/2008/06/xinhua-finance.html)
Xinhua Finance Media Limited (NASDAQ: XFML) has been a troubled stock of late. The Chinese news agency has been plagued with problems, scandal, and controversy almost since day one after its IPO. The company has tried many new initiatives to stabilize the company and to alleviate concerns. Actions announced today may do more than anything else as these were insiders acquiring shares of stock in the company. Below is a brief summary: Ms. Bush (CEO) purchased 50,000 ADSs at an average price of $2.25 on 23 June, 2008. Mr. Olson (independent director) purchased 100,000 ADSs at an average price of...http://feeds.feedburner.com/~f/typepad/RyNm?i=6BjHOI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=6BjHOI) http://feeds.feedburner.com/~f/typepad/RyNm?i=J6bJDI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=J6bJDI) http://feeds.feedburner.com/~f/typepad/RyNm?i=zy4Q1i</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=zy4Q1i)
complete story here... (http://www.247wallst.com/2008/06/xinhua-finance.html)