RE: RE: RE: Blair is busy today too " He must have something he wants to get done right away. Already sold the 180K in his retirement account in March and has not skipped a beat lately in hitting the sell button.
Let's see......He lost $420K on paper by driving down the price by .12 today. Let's say he is 50K of the 66K sold. 50KX1.60= 80K
Get 80K in cash but lose 420K on paper today. Whatever he is investing in better have a tremendous return.
Maybe he will take Wednesday off since he's already getting $210K? Nah, doubt it. ".
Had he done his selling at any other time, the stock would have crashed to 50 cents.
When you want to sell 4 million shares of a stock that is illiquid and is not followed by any analyst, you DO NOT have the luxury to sell on a whim. You must bide your time. That moment has come. I doubt he is selling because he has a better invetment to make. He sells because anyway, some day he will have to sell, and now is THE time.