Followers | 4 |
Posts | 863 |
Boards Moderated | 0 |
Alias Born | 02/10/2016 |
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:
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM
Avant Technologies to Implement AI-Empowered, Zero Trust Architecture in Its Data Centers • AVAI • Apr 29, 2024 8:00 AM
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • BLO • Apr 25, 2024 8:52 AM