GREY:VMSTF - Post by User
Comment by
LongonZincon Jun 23, 2014 12:47pm
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Post# 22686281
RE:New multi year high,,,.
RE:New multi year high,,,.
The problem I see is that when VMS and NAN start moving the insiders are actually dumping big chunks of stock helping to kill the momentum. The real insiders are not showing a lot of confidence if you think about it. CEO of both companies just quit, seemingly out of the blue. The stock starts to run last Friday and 20% of the stock being sold is being sold by insiders. While they all deserve to make some money by selling their shares, they sort of burnt a lot of people pumping, pumping, pumping when they hit the discovery and the whole time the insiders were selling millions of shares and at least one of them did not report those sells for along time. On the positive side they did get Reed financed at 1.50 per share.