RE: InsidersSeeing the company's senior management constantly awarding themselves option stock, then exercising the options near the expiry date, then immediately selling the stock to realize a relatively low capital gain can't be viewed positively, in my estimation. It would seem that there are only two reasons why they would sell at what we are hoping are low values. One, they need the money, which would tend to indicate they aren't being paid enough to allow them to wait for a higher share price. Or, second, they don't expect the share price to appreciate much in the near term and have better investment opportunities elsewhere. Either way it doesn't reflect well on the company or its potential as a promising investment. I am wondering if anyone has questioned the IR people when you have been talking with them lately. They should be armed by management with some good explanations for this behavior. Otherwise, anyone thinking of investing in NAG would be justified in thinking that management doesn't see much future for the stock.
However, having said all that, the recent trading volumes would tend to indicate that there is strong interest in the stock and in the company's potential to generate good cash flows and profits over the near term. So maybe the market doesn't care too much that management seems to be bailing out at every opportunity. It would be interesting to hear what IR has to say about this subject.