RE:Deceit
goldwatch69 wrote: CEO sells 86,000 shares at 8 bucks 10 days before releasing the bad news. What is that? Very bad! Complete loss of trust and confidence. Slide will continue to 3.50 level, possibly lower. I'm out. Might get back in next year. No institution will touch this for a long time.
yes the optics were really poor but I trust that Cris would not jeopardize his or the company's credibility by selling a very small portion of his sizable holdings on the back of insider information wrt the groundwater delay. While I'm disappointed by the overly aggressive guidance being walked back due to this execution delay, the growth story remains intact. If reduced 22 guidance isn't met or they reduce 2023 guidance then we may have a problem but while I'd agree the sp weakness could continue, I see it as an opportunity to add some shares depending on how silly things get. Just my take.