RE: RE: RE: RE: RE: Claus againI don't begrudge anyone making money, company insiders included. And I certainly don't think Mr. Andrup did anything illegal by exercising his options and opportunistically turning around and selling them. Bad optically, yes, but illegal? Not by a longshot.
But it's a small red flag for me, nonetheless, as I have to wonder why Mr. Andrup *only* settled for roughly .40 cents on the option, when all previous indications from management suggest that we are way undervalued. Some clarity from management on the sale would help (i.e. how many shares does Mr. Andrup still hold, did he give a reason for the sale, did management instruct him to strike his options for the cash infusion, etc.).
And while institutional ownership is up in WND I would like to know why insiders have not BOUGHT shares on the open market in a long time...there's certainly been no blackout due to news, as we have had no material news in awhile.
Understand, I still like WND's prospects, but having been in this one for awhile I am fully aware that it's mainly a bet on management's ability to get the Windstar project up and running. There IS value there...some of you may not remember the $228 Million dollar offer (roughly $4/per share at the time) that management turned down a year before the stock market collapse. In a green market economy the project is potentially worth much more. But the clock is ticking, and as I've said before, the specific timeline is now in place for this company to execute, or risk permanently alienating investors, institutional or otherwise.
Cheers,
El Joro