HPQ Silicon Inc V.HPQ

hpq

[xxx1999]

Insiders dont sell they buy if the company has a future looks like a made a big mistake investing into this company.

[beachbuminMexic]

xxx1999 These are insignificant sells by unpaid directors. They are entitled to take some money off the table. If you see Bernard selling a lot of shares then I would become a little concerned. If you are that nervous of a shareholder? maybe you should sell and move on...

[Mostlyserious]

The last relevant information shows that directors received committee or meeting fees between $19,500 and $28,500. When you say "unpaid directors", what exactly do you mean?  These are such small amounts that one can consider them as working for free? Or just trying to deflect by deliberately misrepresenting the truth? I know, you previously warned me that you don't care

[KrapShoet]

The man sold 25,000 shares....2% of his holdings. Just for context he's left with over 1,058,000 shares lol. So let's be serious and state that he'll do ok on any sp appreciation and is committed to the company.   

[Mostlyserious]

Facts: Contrary to Beachbum's statement, directors are paid.  Roughly between $19k-$28k.  Not a bad gig for the company size. Over the last six months, for example, no insider had bought any shares on the open market.  One has almost completed sale of all of his.  One has recently sold 25k shares of his roughly 1 million shares.  Some have received new options at the

[cashbag101]

from the 2023 annual fin report ,they say that the salaries are in arrears to the tune of  a million dollars,with an agreement of no collection of the arrears untill jan 1 2025, with a interest of 3.1 %,With that bit of info I would say that the directors are not receiving a pay cheque,or at best they are receiving  a deferred salary.

[cashbag101]

this shows real support by the directors!

[Mostlyserious]

My info comes from the last available management information circular.  This was for 2022.  Next one will show for 2023.  If we want to nuance what "unpaid" means, but I think without that precision "unpaid directors" gives a wrong connotation.  They were paid for some time fort sure.

[cashbag101]

I will agree that they are entitle to a salary ,just they are not collecting it at this time,and they are making a little interest on the unpaid amount,which IMO shows they have confidence it the company.

[Mostlyserious]

In general, when it is a paid gig, I don't often see directors leaving on their own.  $ and confidence are decoupled, unless they sink a decent amount into the stock, and not just through usually cheap options.

[cashbag101]

I prefer to see insides buy thru options and exercising of warrants,because it put cash into the company coffers,as opposed to buying on the market,where the cash goes to the market and don't do anything for the company ,other then maybe boost the SP for a day or so.

[Mostlyserious]

When the company needs money, that argument has some merits.   But with the options or warrants, you are getting dilution, likely on the cheap.  If you needed money and were able to raise financing through equity, at such poing the terms of those could be less dilutionary to the shareholders. As a sign of confidence, I prefer insiders to buy on the open market like the rest of us.

[cashbag101]

the last PP in nov was for 2.2 million shares,company insiders bought a little over 10% of the offering.more proof of support.