Post by
fdfd12 on Jul 21, 2021 10:48am
David and Friends, let's set the facts here
The CEO has said he will be selling 45,000 shares everyday until Aug 6.
Now the CEO is not a STUPID man.
If there is an order for 36 torches which will make the stock get over $10, he would not be selling!
Also the day after he finishes selling, Aug 7, DO NOT expect any torch order there also.
If there was one in the works, he would not be selling there also.
Realistically, it should be perhaps in September before any significant orders come to fruitition.
This is NOT bashing but using common sense.
No CEO would sell shares weeks ahead of a big order.
Please, no one post that a big order is imminent.
Comment by
HARJAY on Jul 21, 2021 11:06am
Why wouldn't he if he is raising money to exercise options at a deep discount to even todays S / P so he ends up with more total shares than what he had before he started selling. Isn't that what the advance warning said he was doing, or did i read that wrong.
Comment by
fdfd12 on Jul 21, 2021 11:30am
DO YOU THINK I READ EVERY POST!! But you are right. Most of the money should be for taxes to be paid
Comment by
Bennyfatboy on Jul 21, 2021 12:15pm
45 000 / 80 000 000 = 0.0005625 of his shares per day. It's insignificant. If the stock goes to 10$, he has millions of other share that make him rich beyond your wildest dreams. I think he is clever enough to do what's right without thinking of the potentiel rise in the SP for a few stock.
Comment by
fdfd12 on Jul 21, 2021 12:20pm
765,000 shares that he is selling at $5. If there was an important release which would bring the stock to over $10, then he would lose out on $5 on 765,000 shares which is almost $4MM. The man is not STUPID. He would release the news then sell it 1 month after. There is NO NEWS coming in the next few months
Comment by
fdfd12 on Jul 21, 2021 12:48pm
$4MM is NOT pocket change to anyone
Comment by
Bennyfatboy on Jul 21, 2021 1:00pm
I guess he will be able to pay his bills without these $4MM... You see small. If the SP rises to 20$ or more someday, he will be swimming in cash. Don't pretend to know what are his intentions. He knows better. That's why you comment here with your few stocks and he doesn't.
Comment by
5oceans on Jul 21, 2021 1:02pm
Yep ... i like that angle. That said who knows what is going on. Never a good idea to be in bed with someone who controls the sheets or, the AC for for your space in the summer time. Have an fast exit plan. Just saying.