Post by
Predator123 on Mar 30, 2024 6:12am
Good Side of this News
CFO owning almost 33% brings bigger insuder skin to the game. Tiptree didn't sell when stock was $10 for $165million. Really weird!! Shows how smart Tiptree management is. Rather they sold at less than 700k. Though TIPT stock is at all time high, possibly implying tax loss motivated it.
Only time will tell what the CFO can do with these new stocks. The. CFO basically owns 33% of the company now.
Comment by
nozzpack on Mar 30, 2024 10:52am
That's also my call. Get the tax losses to offset profits and remove the investment embarrassment from the balance sheet. Meanwhile, the CFO gets a great deal. Hooefully, it will open at 5 cents next week..
Comment by
pennydredful on Mar 30, 2024 1:54pm
This may be the first "shoe to drop" . Large interest payment due on debs. payable March31st.