RE:RE:Weigh In Please!
This is what I know now.
1) My insiders were completely caught off guard by this, and knew nothing about it.
-Now you could say they are just keeping a tight lip but I tend to believe them as these are not people I only know through the business world. I have known some of them 30 years, and they told me weeks ago when I asked about the SP increase that they had no reason to believe anything out of the oridinary trading was causing this.
2) They are frantically trying to figure out what this means for every other shareholder including themselves.
-As of now they have kept themselves under 10% for disclosure reasons, but they may have to up that % in order to acquire some seats. In any case this would be great news for retail investors.
I am hoping to learn more about this situation in the coming days, but bottom line if your average price is less than it is today then you stand to make money. If your average price is 1.5-2x what you see today, then I'd be a bit worried.