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Monday, November 26, 2007 12:13:55 PM
plus, he is selling b/c of a trading plan that was initiated months back, maybe even a year plus ago.
my question is, why did mary tanner and other insiders buy shares 8 months ago for the equivalent of $7.50 per share if patience doesn't pay here?
tanner had to know she would receive stock options, why did she feel the need to put more money into this stock pre split ?
why does mendel accept an option exercise price of 4.40 when the stock can't get past 2.60?
I personally feel that down the road all the insiders who stand to gain from PPS appreciation will do what they need to do to get the PPS up, whether it be a sale of drugs, merger with another company, etc.
I believe alagebrium and alt-2074 are worth more to big pharma than $10m and personally hope that when I do sell my shares, I will be doing so for a great profit and will be paying the long term capital gainz tax.
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