Insiders Keep On Selling
Recent Insider Selling
Oct 14th, 2016 - Feb 9th, 2017 there was a total
of 10,742,626 Shares sold by Maxwell Pte Ltd.
( They are wholly-owned by Cairnhill Investments,
which in turn is wholly-owned by Fullerton Pte Ltd,
which in turn is wholly-owned by Temasek Holdings )
Jan 01, 2017 - Raffi Asadorian CFO - Sells = 29,186 Shares
Nov 01, 2016 - John Melo, CEO - Sells = 37,580 shares
Nov 01, 2016 - Joel Cherry, Pes R&D - Sells = 9,301 shares
( All in addition to other selling and dilutive events )
RECENT INSIDER SHARES SOLD SO FAR = 10,818,693
The Oldest Trick In The Book
The oldest trick in the book would be for them to put out some pr's on anything they can think of, before the quarter report. That's what they learned to do at the "Loser CEO School". But don't fall for their insider attempt to sell into you. Instead, let them hold their own bag, and watch the pps fall along with the market correction... or even a crash.
A Little History On Dilution
A year and a half ago the OS was around 87M. One year ago the OS was diluted to about 220M. Nine months later the OS was around 274M. And now the OS is approaching 300M. The Float was about 77M nine months ago. Now the Float is about 150M. This quarter would need 10-times the amount of collaborations they have had all year long just to off-set the amount of dilution! And they'd have to be GOOD collaborations... not BAD ones.
You have to ask yourself why they continue selling. This shows a complete lack of confidence in both the company and the market. It is also interesting that Internet-Pumping and Msg-Board activity coincidentally spiked during most of the insider selling.
More Dilution - November Form-D's
The type of securities offered = Debt / Equity / Warrant
Approx Offering and Sales Amount = $20,000,000
( That's probably around an additional 22,500,000 shares
of additional dilution... and it keeps piling up over time )
Potential ATM Dilution Is Still Open
< On March 8, 2016 the company entered into an "At The Market (ATM)" Issuance Sales Agreement with FBR Capital Markets & Co. under which the Company may issue and sell shares of its common stock having an aggregate offering price of up to $50M from time to time. >
This ATM could be about 100,000,000 additional Common Shares diluted into the OS and Float at today's price, on top of all the other dilution, plus everything else.
JMO
