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Re: cassini2titan post# 30465

Friday, 12/11/2009 1:33:23 PM

Friday, December 11, 2009 1:33:23 PM

Post# of 35633
cassini: Interesting. As I read the Nov 30 agreement*, Allison's 100,000 share sell quota, if not expended in whole or in part within one month, does not accrue to the next month and so on. An accrual arrangement would, of course, be counterproductive to the company as Allison could restrain himself for six months, then dump 600,000 shares of a sudden.

*From 8-K: "Allison agreed not to sell in excess of 100,000 shares per month during the first six months of the Settlement Agreement."

In any case, over 500,000 retail buys (during Dec 2-8 volume spree) were executed per iHub data and, curiously, 95,000 retail sells. As the Allison agreement is dated Nov 30, 2009, it's possible Allison could have shot his December wad of 100,000 shs. If he was foolish enough to do so, the market just hiccoughed in reply. LOL








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