Value Microcaps Motherboard

[wadegarret]

R59/Hweb- GV Recent insider sales look pre arranged

Ellbar Partners have been selling shares since 11/20- total of about 500K shares over the last 5 sessions or so. However here's the interesting thing- 430K shares of that were on 11/20(297K)& 11/21(150K), and on both days the stock hit multi month highs & on high volume. What does it mean ? I mean insiders selling so many shares should surely have made the stock tank normally. Here's what it tells me.

The fact that the stock didn't tank on either day, and in fact made new recent highs on both days tells me the sales were pre arranged. Is there any other way to look at ? So why has the stock tanked since ?

Simple- Investors see this insider selling as negative & got scared, plain and simple.