Converge Technology Solutions Corp T.CTS

Insiders dumped $41 million dollars in stock

[woody999]

CEO and a director.....Explain that!
I always sell when this happens

ALYA are net BUYERS of their stock

[Ackilles]

Well then I guess you should have sold 3 months ago if that's the case

[ImpIications]

This post has been removed in accordance with Community Policy

[savyinvestor333]

They did sell but it is old news and they still have a ton of stock. Here is the filing. Filed 2021-01-22 17:08   Tx date 2021-01-19 $CTS Converge Technology Solutions Corp. Maine, Shaun 3 - 10% Security Holder of Issuer, 4 - Director of Issuer, 5 - Senior Officer of Issuer Holder: Acoma Investments Limited

[luberon]

  Perhaps because of a tendency fixate on simple facts and then jump to conclusions?    A more thoughtful investor might step back and try to understand what might lead these company founders to give up some of their treasured assets.  Here goes:   - Jan 5: stock closes at $5.13.  a NR comes out announcing a $50M financing at $4.85 - Jan 6: the offering is

[retiredcf]

Healthy bids this morning would seem to indicate that this isn't an issue. GLTA

[wannabebuffet]

Insiders sell for many different reasons. But insiders only buy if they think the stock will go up. Here endeth the lesson.

[ouainouain]

Sorry. Insiders do not always buy only if they think that the stock will go up. Wannabe! Life and humans are not so unidirectional. Board members regularly are pressured into buying to show support for the company. They accept shares in lieu of compensation or buy what are considered for their deep pockets piddly amounts but for anyone else are significant. It's not so black and white after

[wannabebuffet]

You are misinformed. We are talking about insider buys. Insider buys are not stock based compensation. Totally different things.

[ouainouain]

This post has been removed in accordance with Community Policy

[ouainouain]

I guess you were too stunned or busy telling me I am misinformed to get the point: board members and other senior officers regularly purchase shares not just because they feel sp will rise. They are pressured to do so to "show support".