illumin Holdings Inc T.ILLM

Pointing out the obvious

[campst]

Let's not forget that these are treasury shares and this is one of theur uses. That is why measures like earnings per fully diluted share (which will not change here) are so important. cheers

[CHECKMATE77]

Fir gods sake, they are not treasury shares, they bare shares being sold by insiders. Ie: they are selling shares they own. the information is clear,even names the sellers. as such the shares are not new thus no dilution. Treasury shares would cause dilution. there is a difference between issued and approved shares numbers .

[GoLongTerm]

The way I understand it is there are 2 things happening at the same time...... 3.28 million common shares comprised of 1.968 million treasury shares and 1.312 million secondary shares (insider shares) are being sold.  I view this as positive news long term as I believe insider ownership needs to be lower for a NASDAQ listing and the company is raising funds for what appears to be a strategic

[Osubuck30]

No insider ownership does not need to be lower for a Nasdaq listing..... insiders would not be selling if they thought they were significantly undervalued.

[Sellthedream2]

Your missing the point osubuck. The owners of the company are all worth about 20 million each on paper. Last time they sold some shares was in 2017 to bring some money in, it's been awhile, they have bills to pay. They only sold 10% each (some insiders didn't sell any shares keep in mind) to bring a little over 2 million in to their bank account. This is what they are gonna do every once

[Osubuck30]

I see what you are saying but at the same time if management was confident in Nasdaq uplisting and significant price appreciation in under 1 year why would they sell now? I like management and how optimistic they have been but no one can say it's great they are unloading here.  Look I'm obviously long and have been and won't be selling but deals like this are not positive for

[arbutus7]

Yes, we get your point Osubuck30, some don't agree. Could you take a pause now, please? You don't need to dominate the board, your opinion has been heard!

[luberon]

And if there's a black swan event that tanks the economy between now and then, their families will be eating what ???

[Torontojay]

the certificate of paper shares they own.   

[jaybull79]

Another consideration is that since they all took pay cuts this year, they are paying themselves in 2020 while crystallizing some gains in a year where their marginal tax is lower. I have no issues with the bought deal as we still have significant insider ownership and funds to grow and take AT to the next level. All of the big players do this in their early days, and as already mentioned, I see

[campst]

My mistake in assuming readers had actually read the nr, which you obviously did not. A portion of the shares being sold ARE treasury shares. Treasury shares ARE included in the fully diluted earnings/share line of the income statement - a very important measure by my estimation.

[jaybull79]

I personally decided to focus my commentary on the 40% insider portion of the bought deal as this tends to be more contentious. (i.e. a confidence issue). As far as the remaining 60% of the deal in treasury shares, yes, obviously they are dilutive by approx 4%. So earnings have to grow by > 4% to be accretive to EPS. Let's be honest, if you don't think, with all the leverage and growth

[Stocker1973]

After having read all the conversation, i got to the point that everyone is lookin at it with a different set of glasses (driven by thier plan of holding this company for a set period of time). Those with a short term plan significantly varies from the ones with long term plan. Name a well established company which has not gone through Financing or insider selling. This all will be a history in