RE:RE:RE:Sam RothsteinJeff, the luxury of not taking a salary stemmed from your ealier windfall. How you received that windfall was not in dispute nor was it being characterized in any way.
It is however completely incorrect and extremely misleading to say that any CEO that sells shares is saying that they are overpriced at that level. There are many reasons why insiders sell stock. Having a legitimate need for money does not equate to someone being desperate or being undeserving of being in a fiduciary postion. I think it has been so long since you started your first company that you forget how difficult the early years can be.
Other legitmate reasons for selling stock include portfolio adjustment, tax planning, and estate planning. C-suite people selling stock happens every single day for numerous companies in the public markets and this is a matter of public record that you most certainly are aware of. The only case you have closed is the case of you trying to turn an every day occurance into something nefarious. And I would say, and I think most of your shareholders would agree, that it is you that needs to focus. So please take this, and my other missives, as love letters, and not as vitriol. While you mistakenly believe that I am some sort of criminal, I can assure you that I am not. I am not as rich as you, or as accomplished, but I do know what it feels like to be underwater on a stock and it doesn't feel great, even if you "immensely love" the ceo.
JefffCEO wrote: Me selling WND for $420 Million cash was not a luxury. It was 10 years of very hard and honest work that the companies you pump and dump are not capable of doing.
Any CEO selling 3 million shares at 12 cents per share is letting the market and his shareholders know the company is way overpriced, that there is no upside, and he is not aligned with his shareholders. And if he was desperate for the personal cash, he should not be a CEO and fiduciary to his shareholders.
Case closed.
Sam Rothstein .. you are a blowhard pump and dumper.
Focus on the BUZZ rollback. They need your help.