Post by
ValuePumpKing on Sep 19, 2018 11:31am
I spoke to management, reason for drop 0.25 to 0.20....
So the performance shares were converted to insiders, and they sold about 30-40% of the rights into the open market to pay the taxes on the performance bonus.
the CFO explained this all to me.
So the that high volume drop was cause of the open market selling.....
The insiders are keeping the rest of the shares.
She is even confused as to why the stock is so cheap! Says we will get news on north texas 3rd well early November
Im Long
Comment by
Kherson on Sep 19, 2018 6:32pm
The CFO is confused on many things! The share price is cheap because clowns like her are running the company into the ground! The Market is still waiting for the results from the 1st North Texas well! Kherson
Comment by
downtozero on Sep 19, 2018 10:31pm
Good to know, but how much do you trust what they say? Personal taxes are due at the end of the year. Why not wait until after good news on Well 3, and the share price goes up rather than sell 40% at record low. Maybe they know and aren't prepared to say on a phone call. And why do they deserve a performance bonus when the shares are at a record lows??
Comment by
LAMBO on Sep 20, 2018 11:32pm
https://www.canadianinsider.com/node/7?menu_tickersearch=EGL+%7C+Eagle+Energy