Thursday, December 30, 2021 9:19:50 AM
That's wrong on so many levels, it shows a complete ignorance of specific rules and guidelines set forth by the SEC.
The whole premise of Form 4 and 12-G filings is to allow for public dissemination of any insiders attempting to sell shares into the public market.
Within the rules set forth for Insider selling, not only is the public notified of any attempt within a 90 day period of time, but there are specific selling restrictions that allow for only 1% of the previous weeks trading volume to be sold into the market on any given week, in order to ensure that insiders cannot "dump" their shares.
ViaOne Services is a $140 million a year company. They will probably do close to $200 million in sales this year. They don't need money and have no reason to "dump" shares of a company they've already invested $2.6 million into.
However, if they wanted to sell EVERYONE would know through their required SEC filings.
Duh!!!
The whole premise of Form 4 and 12-G filings is to allow for public dissemination of any insiders attempting to sell shares into the public market.
Within the rules set forth for Insider selling, not only is the public notified of any attempt within a 90 day period of time, but there are specific selling restrictions that allow for only 1% of the previous weeks trading volume to be sold into the market on any given week, in order to ensure that insiders cannot "dump" their shares.
ViaOne Services is a $140 million a year company. They will probably do close to $200 million in sales this year. They don't need money and have no reason to "dump" shares of a company they've already invested $2.6 million into.
However, if they wanted to sell EVERYONE would know through their required SEC filings.
Duh!!!
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