This was just posted on yahoo. I'm not bashing. I'm seriously trying to get to the bottom of this. I agree with this poster. How could you say that insider selling is okay? It seriously defies logic. Humans are greedy, if this CEO just stated that he expects 100 million revenue next year, why is he selling at such a cheap price instead of buying? You guys say that he needs the money. Why would a guy with his resume need the money now? He should be able to retire already, not be living paycheck to paycheck. Let's be real here. I'm from nothern nj, the land of lots and lots of money. I do not know any rich individual with his kind of resume that would not be holding the shares. It does not make sense at all. It also doesn't make much sense that the original address was for a trailer park home in Vegas, that he now has put on the market, and moved up to a townhouse. Why would anyone making a salary of 275,000 own a trailer home? If he is desperate for money, why is he selling his trailer home and moving up. Why not stay in the trailer home, save the money used to buy the townhouse, and instead use it to hold the shares? Just trying to make sense of it all.
"this is not a pre-determined option exercise date, this is selling shares instead of buying shares. Your overkilling trying to refute a point that can't be refuted---he sold a ton of shares for pennies...plain and simple. He could have sat on these shares like the rest of you especially if he knew the trust would gain a 5x return---that he clearly doesn't see happnening. Again, an insider sale is an insider sale....now stop making excuses and playing the semantics game. The head of the company is selling shares when he should be buying plain and simple."
