RE:RE:RE:Exercise of WarrantsSpectra7 wrote: Spectra7 wrote: Basket11 wrote: Anyone notice that James McMillan exercised a bunch of warrants and then dumped about $512k worth of shares into the market? That doesnt really instill much confidence.
CAUTION....do you remember when SSL and other company officers sold ( $8.00+) prior to the major decline in sp. In fairness the entire sector was taking a hit after not being able to make expectations...I.E. $ 400M revenue projections. Always be sceptical of insiders selling portions of their positions. S7....just my opinion.
AND yes Quinlash, SSL and his brother in law as founders and entrepreneurs could and should make $$$ for taking all the ORIGINAL INVESTMENT RISK, but by the time SSL dumped a major portion of his holdings, knowing better than any of us what the forecasted future was indicating...he and others were playing with house $$$...more importantly, he was playing with mainly investors $$$$. Best predictor of future actions----is the past. Just my opinion. S7
SSL, and other insiders went on to inveset further into the company through deburtures to the tune of $70 million dollars.
With the "History Repeats itself" approach then we should be back at $14 sooner than later.
btw... Good Morning :)
Q