RE:Insider TransactionsTax planning? Or SEDI may have been hijacked by the short sailers again
thewolf4 wrote: According to SEDI, insiders exercised a large number of rights on November 6. Most of the rights had exercise prices far above the current share price. Then, 1.9M shares were sold by insiders at a block price of $1.5089. The total volume on all indexes that day wasn't even 1.9M and the price was $1.40 not $1.50 that day. Is that just a mistake in the filing or is there an explanation for that? Also, why would all the insiders exercise rights at prices well above the current price only to sell them at a loss on the same day?