Friday, December 09, 2016 3:00:20 PM
It doesn't matter how much they own.
What matters is that they are selling.
Which means they are adding common
shares to the OS and Float, which then
devalues the share value.
Also, they sold at a suspicious time during
a highly perceived and debatable P-n-D, in
which "no dilution" was the principal opinion.
A MM theory is just grasping at straws.
They never hold any credible credence.
So, they took some off the table to reallocate
their position, at a time when even the insiders
felt their positions were now overvalued.
Although starting long ago with the initial
investment, they themselves are now selling.
Maybe when they feel the valuation meets
a lower fair value, they will buy some back?
But it is highly doubtful they would buy more.
Four more T-days to another NASDAQ warning.
JMO
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