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Friday, April 08, 2016 2:52:39 PM
In terms of new selling pressure, one thing to look out for soon is new insider sales. Last year there were quite a few insider sales in June that took the price down substantially. The company explained that the cause of these sales was that their executives are "underpaid" and that selling shares is part of their ordinary income and they can be expected to sell shares periodically.
Here is where they sold their shares last time:
And the historical prices and volume levels during that time period:
One more random thing... they actually calculated the number of shares incorrectly during this time by making a basic clerical error and typing in the wrong number to subtract the sold shares from resulting in incorrect information being filed. I let them know about it and they never fixed it.
Of course I can't say for sure whether there will actually be sales or not, but in order to assuage concerns from insider sales previously Jim Nelson essentially said you can expect insider sales from time to time. This guy is an absolute marketing master when it comes to convincing shareholders that bad things are actually good things, I will give him credit for that.
Here he is in his own words:
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