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Re: reverse_long post# 18982

Saturday, 11/09/2019 8:36:58 AM

Saturday, November 09, 2019 8:36:58 AM

Post# of 54910
This is an interesting post. Reverse_long says that Ron Borhost, Orin Hatch, Michael Dey and others dumped their shares on 4/9/19. He helpfully includes links to bamsec for the form 3's, the initial statement of beneficial ownership, for those individuals.

So what do those forms say? Those statements, filed on 4/15/19, say that on 3/29/19, they received options for shares with a strike price of 2.07. they didn't sell anything.

so, how does reverse_long conclude that they sold all their options? By not noticing the footnotes on the Q filed on 4/15/19. the footnotes specifically say that options are not included in the totals. There is no evidence of any kind that anyone sold any shares or options. If one goes to the 10K from September, it is clear that all options are still there, all shares are still there. No insider sold anything.