RE:Shiny rigs for StinktoesThanks for that Magic obviously our CEO likes to have a little fun too.
Regarding the large holdings by insiders and James Horvath's in particular. There is nothing I like to see more than insiders with a "lot of skin in the game" If you look at Lonestar, James started the company in 2000 with one vac truck. By 2008 he had (I believe) 6 vac trucks and 7 Hvac trucks. Now here is a private guy whose phone is ringing steady and seeing all this potential but he needs more cash to expand rapidly. By taking the company public he can grow it much more rapidly, (and it has), by raising cash in the public sector. We likely haven't seen the last of share offerings and each offering will dilute his holding as it will the rest of the shareholders but it will speed the growth of the company and it will at some point end up on the eps line of the financial statement. Hopefully we will see some bottom line before more share offerings as a higher share price will raise more cash with less dilution and obviously Horvath is a pretty smart guy and will let the stock price rise before issuing much more stock.
I am always more concerned with companies whose insiders have basically no skin in the game and profit on excessive salaries , huge options and gross golden parachute packages that they use to suck the blood out of a company after they have demolished it. You can bet that James Horvath's main and singular goal is to see this company flourish - it is his baby - and when the share price goes up no one's net worth benefits more than his - which is to all of our benefit. I hope James Horvath gets stinking rich :)