RE: Why Scott Dawson Sold.... Maybe?? great find,
I am a CA, and there are many possibilities on the sale of 1 million shares. It might be a sale to a trust for estate purposes, ( and not in the open market ) and thus capital capital gains taxes of say 2.2 million would be due April 30 2012- or may be caught as taxable income, meaning 4.4 mm owing- in any case, puts the recent 400,000 share sale more in prospective. On the other hand if it was a sale of 1 million shares in the open market, then he has 11 million cash back in November and no need to sell more to pay for taxes. However- my guess is the first explanation, which is good news
also,
My post in response to the post yesterday on risks of PSN, was not meant to scare investors into selling. I still hold a whack of shares after selling a bit ,and will hold as long as I see growth in the stock price.. This stock can easily trade a million shares a day, and anything that is said on this board has zero effect on the stock price.
What I like to see is more posts like this one, on the sale of insider shares earlier- Or coming up; what are the views on PSN saying on March 23 that they are on track for 400 tanks at June 30th??, or rumours or actual competition???. That is what makes these forums useful. Compare this, to posts of accusations of boiler rooms, bashers,shaking the tree, or hind sight trades with profits 100% of the time.