Intrinsyc Software International Inc ISYRF

Not normal selling

[esprit1]

Intense downward pressure on the stock over the last couple of days - now we know why.

I thought it must be insider sellling, and the link confirms it.


And not just a little.  Marks dumped over half a million shares, in a stock that is still fairly thinly traded. That is not normal or frankly responsible trading. Certainly not for a director who is supposed to have the companys best interests in mind.

Bird dumped some too, but Bird dumped intelligently - bits and pieces that the market could absorb and as such he walked away with an average sell price of about 2.50

Marks and his groups controlled 12% of ITC at one point - which is about 2.5 million shares.

He just dumped 20% of that in 2 days in a thin market.  He guaranteed a shellacking of the price which was trending very nicely upwards.  Without the insider dump, I think we would have closed closer to 3 bucks.

But, if you look at when Bird dumped, that might tell us something.  Nov 9 and 10th. The days after the US election when markets where whipsawed.  Marks might have just ended up making a bad bet on the outcome of the election

Maybe he bet heavy the market would go down and instead it hit record highs, and he was forced to cover

(Note that Bird dumpted his before the election results started to come in)

Just a theory but it makes a hell of a lot more sense than shitcanning the stock when its future has never looked more solid.

Better not award themselves more options.