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Saturday, June 01, 2024 2:31:46 PM
With all due respect, two independent contributors to this board have offered what I consider to be plausible explanations as to the reasons for insider selling. Deerballs has suggested that certain insiders were selling to raise the necessary capital to defray the enormous expenses associated with a trial, in the unlikely event that these cases make it to trial. Also, according to Deerballs, it is a little late to start raising capital AFTER you find yourself in a trial.
Indyterp has posited another plausible explanation which is that two insiders were selling prior to a June 1st, 2024 expiration date on options to buy shares at $.005/share. Thus, those sells were followed by buying back in at a cheaper price point.
I would point out that neither of these plausible explanations amounts to a negative reason for selling.
I would also hope that this satisfactorily answers your question.
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