wakl, "Grasping at straws.........."
You and me both, Bud. I am absolutely floored by this.
I can't imagine what a reasonable motivation would be. If the product launch is to be successful then it seems that selling over a million shares now is a rather premature move. So to me, it suggests just the opposite; that there may be a big problem somewhere.
And if you read the Form4 closely, footnote 2, it says:
"2. The shares disclosed herein were sold pursuant to a 10b5-1 Trading Plan originally entered into on July 15, 2010, which was amended on September 27, 2010 (the "Plan"). Pursuant to the terms of the Plan, no shares were sold prior to October 11, 2010."
So this is part of a prearranged "plan". Maybe Baum was forced by regulation to sell shares now. A kind of "use it or lose it" situation. I don't really know. But I am very pizzed off by this. Real nice way to end the week.
VV
