RE:RE:RE:Insiders 🙄sorry, but I DON'T AGREE with what you're saying...
I've looked up the records (on INK Research), and seems that he:
Jul-8-2020: excercised 425,000 options at strike price of 0.07 (stock was trading at 0.30-0.42 that day)
Jul-8-2020: thereby added 425,000 shares to his existing holdings (revised total holdings = 555,750 shares... shares, not options)
Jul-20-2020: sold 400,000 shares into the market at 0.36 (revised total holdings = 155,750 shares)
he then held those remaining 155,750 shares right up to Dec-01, when he sold some (30,000 shares)... he still holds 125,750 shares now
those are the facts
so,
if he had not sold his shares on Jul-20, he would be much further ahead... had he sold today at current close price of 0.72, he would have been 0.36 AHEAD, ie., could have gotten DOUBLE what he did!
so he sold far too early, and made a "bad decision" -- even though he supposedly knows everything because he's an insider right???... in fact, he left 0.36 x 400,000 = $144,000 on the table
I don't really see how you can argue against this
my point is that insiders perhaps don't "know everything", they can't predict the future, and very often demonstrate very poor timing with their share sales... try pulling up info on a bunch of top performing stocks... very often you will see insider selling taking place far BEFORE the stock made it's big move up
imho, this can perhaps be explained by the fact that their selling actions are often dictated by factors other than the company's current and future prospects... EG: they might just want to buy something, pay off a loan, etc... or, that they're no better at predicting the future than any of us are
(on the other hand, insiders seem to fare a bit better with shares *purchases* -- if they actually buy shares with their own money, not via options -- based on my own casual observations)
DanielHPQ wrote: This is actaully disinformation. He sold 400,000 STOCK OPTIONS not OUTSTANDING COMMON SHARES.
sandysouci wrote: you're reading FAR, FAR too much into it... so what?...
btw, "Richard Mimeau" sold 400,000 shares or 72% of his holdings back on July 20th -- at a price of $0.36 --
guess that wasn't so smart was it? what a major mistake he made