RE: RE: RE: RE: RE: EAS Insider Trading ReportA point that may be considered..
"There hasn't been a single sale--regardless of size--in 2011. Indeed, there were two modest purchases; from John Wright (10,000 shares) and Alex Granger(3,100 shares)."
So, this one is easy... The assertion/accusation that management profited from selling of stock while we shareholders suffered couldn't be more wrong. Indeed, they're suffering with us.
None so blind as he who will not see.
Yes...................I'm sure MH is suffering immensely, just like his shareholders, no doubt about it.
Salary and bonus in 2010 at 600K$ or so..............and then MH sold 1.3 Million shares in the last 18 months for 5.2M$. If I read the numbers correctly, he currently only holds 133K or so ...............not much left to sell, wouldn't you say?
No selling is perhaps due to the fact that there is little left to sell?
A long, long time ago when I first posted on this forum, I mentioned the issue of selling by the CEO and how it would affect the company....................and nothing has changed.
In my humble wealth building philosophy, it clearly states that for any individual investor to have more skin in the game than the CEO of a company is a cardinal sin of investing, and nearly ALWAYS leads to losses. The day that I would find myself invested in a company where the CEO sells off his position like MH did is the day I see a herd of elephants in pink tutus dancing "swan lake".
What more can be said?
cheers,
vwig.