illumin Holdings Inc T.ILLM

Insider Selling

[retiredcf]

Unable to cut and paste but I just looked at AT's one year chart of insider buying and selling produced by Ink Research. It shows all the recent insider selling but what is more important, it shows considerably more insider selling that was done in the second half of December. So it would seem to be more than speculation that all of these insiders are indeed now on the hook for capital gains taxes (due end month) which would explain why they now need to generate funds. 

Long and strong. GLTA

[Cancoby]

Highly unlikely this is the reason for this huge daily drop. We will see the real reason when news hit the market...my guess this would be re to next results release. Despite al this noise if you're in for long term this is a huge buying opportunity...

[RusticHit]

Holding good after big drop yesterday already big volume day  glta

[Thelostdutchman]

Hmm I doubt it. Anyone with half a brain puts away 25% for taxes when they lock in 10 million in gains. 

[fdfd12]

Retiredcf, it doesn't make sense what you said. If they sold in December, then they have a whole load of cash from the sale! This cash will be used to pay for taxes in April. Am I not right here?

[Raffle]

They should use cash from sale to pay taxes.

[mofwmofw]

You are 100% right. I`m trying to hang in but it`s very hard. I could take anything, but insider selling  makes no sense. They have millions from their selling in December. To even mention that they need to sell at these low prices for incometax payments is laughable. All we can hope for is that the bottom is in. They have been coming out with positive spins for a few weeks, so I don`t

[fdfd12]

NASDAQ listing won't hurt or help. PYR went on NASDAQ and it hasn't helped. If you are a tech company and nasdaq is being sold off cause they want to buy value, you will drop.

[Torontojay]

The selling to raise tax proceeds is more applicable to stock options. However, if there accountants tells them you need x amount for your taxes this year then anything is possible. Remember that the co-founders  earned 180k so raising a few million is mostly capital gains tax. 

[retiredcf]

Have been out all day so just catching up. All of our views are purely speculative but if I wanted to raise money for taxes, I would not sell in December, I would at least wait until January. That way the capital gains from your sales wouldn't be due until the following year. Everything they sold in December (except for the last couple of days) is subject to capital gains that are now coming