Post by
Craigbad on Nov 02, 2016 7:08pm
Insiders sold the pump!
Over half million dumped today......during the 3 day blackout period before earnings! Quick someone call the regulators.....or are they already on it?
Comment by
Craigbad on Nov 02, 2016 7:17pm
I can see this thing getting suspended from trading soon. Thats a huge no no, but not surprising. I'll add a sec/osc investigation to my short thesis on that alone. You just can't make this stuff up!
Comment by
Shortingtozero2 on Nov 02, 2016 7:17pm
What the heck? 529 transactions of insider transactions it took them to dump? And someone said Shorts were trying to get it down to cover!!! LMFA!
Comment by
marxath on Nov 02, 2016 7:19pm
Holy jumpin, do I hear $3.00 come Monday @ 9:38AM
Comment by
Craigbad on Nov 02, 2016 7:23pm
The price was up today so it wasn't a margin call. Not only have they been on the top ten insider selling list more days than not, they're actually selling during an earnings blackout blatantly breaking securities laws. If earnings were even half ways good this would not be happening.
Comment by
killtrader on Nov 02, 2016 7:32pm
I thought we covered this ground yesterday . if margin calls are not met with infusion of cash then the broker has the legal right to sell out the client . I suspect this process has been ongoing for several months now and will shortly come to an end as new management takes over and cleans house .
Comment by
Craigbad on Nov 02, 2016 7:38pm
Tell yourself whatever it is that makes you feel better. You don't get margin calls on a long position on up days. The selling was on both up and down days. Regardless, MT was Ceo for last quarter, even if he was the only insider selling, he wouldn't bite off his nose to spite his face if the quarter was good.
Comment by
Shortingtozero2 on Nov 02, 2016 7:44pm
HAHAHAHA. Broker? Ya right..... A broker doesn't own the debt instrument.
Comment by
killtrader on Nov 02, 2016 7:55pm
Oberman has had a chance to look at this company up close . A golden opportunity for him to boost his reputation and make some money It wont take much to stop the hemmoraging and clean up the balance sheet ,..and BTW ,..the margin selling process reverses itself and applies to the short sellers on the way up .
Comment by
Nossy45 on Nov 02, 2016 8:28pm
Everyone agree Oberman is going to take this company and turn it around ... he's just not in on the 14th. So the question everyone is asking is how high does it go this week, and how low does it go the after that. $3? $2? $1?
Comment by
juniorbullalive on Nov 02, 2016 9:32pm
This post has been removed in accordance with Community Policy
Comment by
juniorbullalive on Nov 02, 2016 9:44pm
This post has been removed in accordance with Community Policy
Comment by
rad10 on Nov 02, 2016 10:16pm
Very nice find - appreciate the link. Some useful and positive information! What an upgrade from MT.
Comment by
MustardTiger88 on Nov 02, 2016 10:51pm
NVM, didn't see your previous posts.
Comment by
rad10 on Nov 02, 2016 8:05pm
This is an all too familiar experience. Hopefully a new culture at the company will take root with the departure of our dear wheeler dealing CEO.
Comment by
juniorbullalive on Nov 02, 2016 8:22pm
This post has been removed in accordance with Community Policy
Comment by
rad10 on Nov 02, 2016 7:55pm
I wouldn't rely too heavily on TMX data. Also what are the precise rules for MT now that he has been given the "sincere thanks and wish him well for the future" speech.??
Comment by
MegaBear on Nov 02, 2016 11:05pm
This post has been removed in accordance with Community Policy
Comment by
cg16 on Nov 03, 2016 8:46am
M1, wondering if they are able to trade prior to the PRs they have recently put out. I would think its insider trading to buy or sell with knowledge of new CEO info before its announced? Likely why they did that in 2 steps rather than 1? Not sure. If they were already in blackout due to the quarte than my point is moot.
Comment by
ryehigh2014 on Nov 03, 2016 6:40am
Hey where can I see the exit agreement?
Comment by
Shortingtozero2 on Nov 02, 2016 7:26pm
That's being a bit optimistic, don't ya think? My target is lower. Much lower.