NYSEAM:YMI - Post by User
Post by
RetailRubeon Aug 05, 2010 3:31pm
578 Views
Post# 17325519
Hmm ... more insider selling
Hmm ... more insider sellingIn addition to the Chairman selling recently, we now have selling reported by Sean Thompson (VP Business Development) and Leonard Vernon (VP Finance).
Sean Thompson reported on July 30 he sold a total of 62,000 shares between March 15 and May 20. Of these, 20,000 were to liquidate shares he got after exercising stock options which cost him 50 cents. His reporting seems to be a little slow. I thought you had to report to SEDI within 90 days. I guess not.
Leonard Vernon sold 20,000 shares on July 28 and reported on July 30. A gold star to him for being prompt. Thumbs down to him for a financial person selling during the earnings blackout period. (Sigh)
I justified the Chairman selling in my recent post. But I have greater difficulty defending selling by the above two people. In addition, the stock price seems to be propped up recently by "Anonymous" buying. Maybe a financing is coming up. This picture doesn't add up.