bag8ger - Tony can do whatever he wants to with his money and his shares. This is, after all, America. What he does with his personal resources is non of our concern.
The conversation started with the announcement that Tony (a corporate officer and an insider) was selling some of his shares.
Insider sales during such an 'interesting' time in the company's history sometimes make investors uncomfortable.
The immediate and knee jerk reaction from the apologists was to reconstitute the previous 'Loan' scenario, in which Tony and George sold shares to obtain revenue to loan to the company so it could remain afloat. Conveniently forgotten in the response was the companies situation at the time of the loan. Specifically that it had no shares to issue and was desperate for operating funds.
Since the conditions no longer apply (i.e. the company has countless millions of shares at its disposal and it has millions in the bank) the explanation is significantly flawed.
So what we have after we have waded through all the BS, is the CEO is selling shares at a significant rate. Since it does not seem to be a forced sale for the companies benefit, it would seem to be of a personal nature and therefore discretionary. That being the case, the question in the minds of many is; Why wouldn't he wait a couple of weeks until the inevitable price hike occurs and obtain a better return?
What does he know, that precludes such a delay?
frog
