RE:RE:I'm a big bull on ACB but insider activity is a huge turnoffDaveInCalgary wrote: I watched Bruce Linton, CEO of Canopy Growth on BNN last Thursday. He has just recently sold over 3 million shares of his company. The 1st time he has sold shares. He has run that business for 5 years.
He explained he sold 10% of his shares to improve his home life. Makes it much easier living with his wife.
I believe he had a great reason. Take home $30 million dollars and that will help out with lots of upgrades. Sure put a smile on her face.
I'm sure these others in ACB are no different. Selling 10% isn't a big deal. But its life changing for their families.
I honestly keep telling myself the same thing. Everyone has short term needs and can't wait too long. Sometimes I like to take a step back and think black and white and try to avoid "believing" in management.
If I had 1M shares and I knew it can potentially be worth triple down the line, will I wait a few years. I think I would. Then again, it is very tempting to get the cash now, and proceed with projects like building a vacation home in multiple countries and having extra disposable income.
Jeez .. 3M shares is massive!