Doug filed another Form 4 today. On the surface it seems he`s increasing his financial commitment.
But, sometime between June 30, 2016 when Doug reported beneficial ownership of 243,823 shares and March 7, 2017 where his form 4 reported only 131,273 remaining, he apparently sold 112,550 shares. Didn`t see any headlines when that happened.
The PPS during that period ran between $0.18 and $0.09, between 2x and 3x what the PPS is today. Sell high, buy low. A great day trading strategy.
No way to know the exact numbers but when you cut through the smoke and mirrors.....his actual financial commitment on 6-30-2016 was somewhere near $40,000. His financial commitment today is closer to something less than $20,000.
While the shareholders are watching their investment dwindle, the CEO that is supposed to be doing something about it......is taking a profit.
Thin
