RE: RE: RE: RE: RE: RE: EAS Insider Trading ReportWell, vwig, I think we're talking about two different things... I was disputing the notion that management profited by selling stock while shareholders got hit by the decline in the stock price. Turns out, that was false. There's been no selling by management at any level in 2011.
To then say that MH sold 1.3mm shares when the stock was doing well was a warning sign, is different, IMO. To enumerate now the total dollar value of MH's sales of stock (at an average of $4; roughly half the peak), while the stock went from .12 in the Fall of 2008 to a peak of over $8.50, is a different thing.
Management not only guided EAS through the PM explorer horror of the Fall of 2008, but created a 70-bagger from it. How much was that worth to shareholders? Shareholders had a chance to sell then, if they chose. They weren't restricted to certain windows for buying and selling shares, as are insiders at all public companies.
Heck, even now the stock is a 25-bagger at $3. I happen to think EAS is a buy at these levels, and have been doing so over the last month.
Ah, hindsight... I'd held stock in EAS prior to the end of 2008. Then, I reviewed it in December of that year and failed to buy around .20; I was too scared (with the world coming to an end, so to speak.) I will not forget the fear I felt at that time; buying then took real courage. I did, however, buy a chunk of shares at .50. MH and his team created tremendous value for me. And I think they will create more.
Reasonable minds can disagree; that's what makes a market. It may or may not be a good strategy generally to avoid investing in companies in which an individual investor holds more stock than management. If that has served you, then more power to you. Again, though, I think that's a different assertion than what I was disputing.
Cheers!