RE:RE:RE:RE:RE:RE:Temptation bites Garden - not that it matters since it seems you have you mind made up and nothing will change. The best tip i can provide is if you don't trust management, you really should sell and move on. There is nothing worse for you than to keep beating your head against the wall with this investment if you don't trust management. As they say....either suck it up buttercup or move along to a management team you believe in!
Anyway (not that you care), here's Paul's response to me -- which was very quick and professional response. What do i read into it? Well as frustrated as you and I are with WRN share price....I can almost guarantee you that Paul is 10 X more frustrated and has "lost" way more than you have from the drop of WRN from $2.8 to $1.25!!!!!
"One thing to note with exercising options or restricted share units (RSU’s) is that you have to buy the options at the strike price and with both options and RSU’s you have to pay a significant amount of tax. I always tell investors looking at these transactions to look at the share count before and after all the transactions. You will note with my most recent RSU exercise that I ended up with more shares than before. In terms of timing, I only exercise RSU’s and options at their expiry, which I what I did most recently.
In terms of insider buying in the open market, this is obviously related to each insiders personal financial situation. What I think is most important is whether or not management is aligned with shareholders. I currently have a significant portion of my net worth tied up in WRN stock – if the shares do well, I do well, if it doesn’t I don’t. Most of the senior management and board are in the same situation and thus you can be assured that we are not it this for the salary – we, along with you, are it in to ensure that the share price goes up!
Cheers,
Paul"