GREY:KXLAF - Post by User
Comment by
hrattleon Jan 18, 2011 1:44pm
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Post# 17990734
GRIZFISH's complete garbage post
GRIZFISH's complete garbage postWTF are you talking about?!!!
1. I did not take other people's numbers for granted. I TOOK THE NUMBERS OFF OF SEDI.
2. The numbers are not false. The sales are in the open market. They are sales not purchases. PHELPS SOLD 615,000 shares in the open market since Dec. 17 (so far).
3. Purchasing options is bad news for shareholders as it adds to the number of shares in issue. Expired options are good news to everyone except the holder (who didn't deserve them in the first place). Selling shares is bad news for shareholders as it pushes prices down. An insider selling shares is very bad news NO MATTER THE REASON. The chairman of the board selling shares is very very bad news. The chairman of the board exercising in-the-money options and then immediately selling them is very very very very very very very very bad news.
4. Phelps had 2,306,832 shares (after exercising his options). He sold (so far) 615,000 shares or 27% of his holding. He also has a bunch more options that he granted to himself, presumably for doibng such a stellar job in destroying shareholder value.
By the way you may wish to know that Phelps paid on average 52 cents for his shares (all except 514,333 where the price is not recorded) so some consolation is that he has lost nearly 17 cents per share sold (or over $100,000 total). He is probably as pissed off with Kodiak/Prodigy as the rest of us.4. Phelps had 2,306,832 shares (after exercising his options). He also has a bunch more options that he granted to himself, presumably for doibng such a stellar job in destroying shareholder value.By the way you may wish to know that Phelps paid on average 52 cents for his shares (all except 514,333 where the price is not recorded) so some consolation is that he has lost nearly 17 cents per share sold (or over $100,000 total). He is probably as pissed off with Kodiak/Prodigy as the rest of us.