RE:RE:Poison pill or 50% ownership
canyousayiii wrote: Trading $900k for over 3 million shares that are worth $4 each at this point may hardly be seen as a strategic move. What was the percent ownership of other insiders before this move by Peter? If more than 50%, then you can effectively nix this hypothesis.
I thought he already had over 50%, so it may not have been protection from a takeover, but maybe tax sheltering his investment - if he is expecting a large stock price increase imminently, now is the time to exercise this purchase as it will be a smaller gain to pay taxes on now than after it shoots up. Getting all his ducks in a row before the big news drop. Either way, it's incredibly positive and tells me that we can be expecting something huge soon!