Antibe Therapeutics Inc(Pre-Merger) ATBPF

RE:SEDAR Report - Clarification

[bringon10bagger]

and besides makes perfect sense to sell after PR rather than sell into expected news, far more negative effect selling in to news and besides everything is on track moving ahead.......sure took some cash out for personal reasons, their business, as noted prior their net share count increased of stayed the same, never know with a few extra bucks they could buy on open market when all weak hands decide to exit........

CaptainPenny wrote: There is nothing to worry about. Sales of shares from executives is planned weeks in advance and they are carried out irregardless of stock price or trading activity. This is to keep them fair from acting on insider info. Dan and John did the same thing last trial, 1-2 weeks after results came out they each sold a rather sizeable chunk of shares. Most executive salaries are comprised of not only cash but a large portion of equity in the company in the form of warrants, RSU's or shares. Its very commonplace for execs to sell large chunks of shares after big events as a way of paying themselves. Management still holds around 20% of the company's shares and are fully vested in the company and would suffer financially, arguably much more so than us, if the stock price was to decline. In addition, I believe most of the management had goal oriented RSU granting for milestone achievements such as successful completion of this trial (if you read the company's annual financial statement there is explicit details of all this).

Think of them selling these as a pre-planned bonus for a trial with positive beneficial results. John and Dan are regular people like the rest of us and probably just want to reward themselves for all the years work