Empire Petroleum Chairman Kamin dumps 79,166 shares So Empire Petroleum Chairman Kamin dumped 79,166 shares last week. His crystal ball is working well given the 27.2% dump in the stock from the opening price on the stated 13th June sale date (no surprises the stock took a beating that day given that he dumped more than an entire average day’s volume)
The other insider headline is COO Sweeney acquiring $260k of stock. What the insider headlines don’t say is that he paid just $30k for them, i.e just $2 per share - in an identical transaction to what Phil Mulacek did the week before in the same price and amount. Exercising now whilst these options are still in the money so they can join their chairman in dumping these too and taking a profit whilst they still can?