Post by
2Early2Retire on Apr 18, 2023 9:10am
John has been selling
It's his right to do so, just as any other investor.
However, he is not just an investor but the CEO. He is also the primary source of recent insider sells. Sure, selling $5 -10K worth of shares at a time does not make that much of a dent in his 15+million share ownership, but it is a concern when the sells from the insiders far outnumbers the buys..
I've placed a stop on purchasing shares for D9 for the remainder of this year. I need to see that their cost cutting adjustments are actually a road to profitability, and not a smoke and mirror show while John and the board look to offload this on a larger player.
I was hoping for bills, but I may end up with coins.
Comment by
golfyeti on Apr 18, 2023 10:42am
isnt it the CEOs founding father that is selling?
Comment by
2Early2Retire on Apr 18, 2023 12:25pm
The sales are listed as John William IV. Bill (John's Dad) is listed as John William III
Comment by
onemill on Apr 18, 2023 6:27pm
I agree its his right to sell as any other investor. But as a insider to possible news, daily bussness dealings,cash flow, etc. Doesn't look to positive with the unloading of shares. It screams to me not the start of anything good to come.
Comment by
2Early2Retire on Apr 19, 2023 9:27am
I'm a simple man. When I see the Insiders buying, I buy. When I see a little insider selling, I hold. When I see many insiders selling, raise the red flags. Right now, I hold.
Comment by
Elstauncho on Apr 19, 2023 8:38pm
I'm worried this thing is headed for creditor protection very soon. Hopefully someone buys it up. But I guarantee it won't be at no premium. I think John is his own worst enemy, had 5 years to learn how to produce quality product. But only produces mediocre at best product. that is why the company looses to much money. Nothing more than a brick and mortar dispensary outlet.