Don’t be so Gullible or Naïve Mr. Goldman just flipped by proxy his 2.5 million shares from the $ 9.70 gift to a “special investor” who immediately has been selling those shares (as ANON) under $ 11.00 all last week and this week at say average $ 10.70 for a bonanza windfall of $ 2,500,000 profit for ONE WEEKS work.
He got them just before the CBC leak that drove the sp to $ 11 and now they are bailing just before the April 10 legislation announcement ( that MUST be bad). Expect a major MJ bubble burst. WHY ?
Because Bruce Linton just sold 350,000 at average $ 10.65 for proceeds of $ 3,727,500 from the small Joe Market investor.
If Bruce in his infinite wisdom and Liberal connections saw GOOD things next week after the legislation is introduced April 10 and he agreed with the run up to the TEENS as the Queen Nefertiti has predicted to say $ 14.65 then he could just have waited 2 short weeks to buy “his nice Oakville house on Chartwell” or a “cottage on Lake Joe”
The extra $ 4.00 increase in for his 350,000 shares for a mere 2 week wait would give him an extra :
$ 1,400,000 !!!!
Come on man – wake up and smell the coffee.
He could buy 2 houses with that and not even need a down payment but be mortgage free.
I agree insiders should sell at any time for whatever reason BUT this is one week before a MAJOR announcement that we have all waited for.
The OPTICS are bad at a critical and sensitive time like this with the sp tanking ! He should be BUYING to instil confidence. Dobbiebaby get out !!
He OBVIOUSLY expects a drop in price below $ 10.65 or he would WAIT like the other bag holders here.
Don’t get me wrong I still like the company BUT like a deer in headlights when the drop continues move over like the insiders.
I sold at $ 10.50 just like Bruce Linton who runs the company and I will buy lower later when the other insiders start buying (at $ 6 or 7).
My opinions are not “bashing” but based on the real moves of the heroes Bruce Linton and Mr. Goldman who have just crushed market optimism. (and Mark Zekulin selling at $ 12.80 in early March).
What do they see in the company that we do not know ? If I saw good things I would sell at $ 15 to $ 20 and make much more –IF that was in the cards.