RE:RE:RE:RE:FORCED late-day drop in progress... I disagree, this has nothing to do with insider trading, the contract was set in place in March when Peter loaned the company money. In fact, this is often the only way for insiders to be able to purchase shares as they are so often blacked out from purchasing (at earnings reporting time, when there are ongoing contract negotiations, etc.) which is why CEOs set aside warrants or options for employees and board members and insiders as incentives and compensation. I believe that news is coming very soon, and he knows this is the last opportunity to exercise these shares before a major stock price increase which would cost him much more in tax if he waited. There is nothing illegal or shady in this, just good tax planning.
redtree wrote:
I might be wrong but I highly doubt we are going to get a news release soon. The CEO would look kind of shaddy because of the transaction he just made today (insider trading before a big news).
Stubbyinsider wrote: someone's got triggered for sure.... karma..... huge NR before open. Would be hilarious.
CountryChic wrote: Nothing like an 8% drop and rebound in less than 15 mins. Takes your stop losses off people! You are going to loose out big time!