GREY:NATUF - Post by User
Comment by
lurkeroneon Mar 03, 2009 11:15am
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Post# 15816671
RE: Anonymous
RE: AnonymousI wouldn't worry about any insiders selling at these prices. Stephen Leahy is EXTREMELY commited to this company and I don't think you will see him selling much until there are some major moves to the upside and he is rewarded for his many years of hard work getting the company to where it is.
Ronald Erickson bought 6 million shares in the open market before Christmas. He is a director of NTC and Chariman of Queenwood LCC, a private fund that invested a couple million in NTC last fall. Queenwood is also about a 13% partner in the TDI Tundra Joint Venture...... I wouldn't worry about him selling any shares either. He just invested in NTC and obviously sees the value here.
I expect the Anonymous selling is a distressed hedge fund that has to liquidate its position for cash redemptions to clients. When they are done, this will move much higher.
lurk