RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Eric Martel Sells 65,807 Shares of Bombardier, Inc. Class BThanks for the explanations.The guy did the right thing by converting his 146674 options into that many shares; this is an excellent gain. Like us he wants to make money.
Where I have tsome trouble with his move.
He needed to sell only 33735 shares at $50.00 to cover this expense of converting the options, not 65807 shares ,and also he sold at $50.00 some of the shares ( 10000 if I remember right ) he paid $$55.00 for earlier this year.
He cashed in 32072 shares at $50.00 instead of keeping them for at least 6 more weeks to cash them at an higher price when 2023 numbers will be published ( if the analysts and the forecasts are right )
I am waiting for these 2023 numbers before making any move because I am obviously not an insider and don't know these numbers . This guy is an insider, he already knows the numbers and he cashed in a lot more shares than he needed to convert the options, and again he sold at $50.00 some of the shares he bought at $55.00
This, more precisably, is was I meant by ''bad optics''
The guy sold more shares at $50.00 than he needed to convert the options, certainly for a very good reason I am convinced of that, because I am sure in the future success of the company, but it might send the wrong message to someone who is not so sure.