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Saturday, March 23, 2013 5:37:16 AM
The report to shareholders is the 144 form. There is no requirement to sell the registered shares. The 144 is good for only 90 days. The only place data of sales resides is with the transfer agent. You can't find out who sells how much and when because of privacy issues. There should be a change to individual shares owned by insiders in the next quarterly report.
The dollar amount they have registered is commensurate with paying bills and buying cat food - not a mass exodus. Approximately 7 shares of BORK stock will buy one can of cat food. 200 shares will buy one box of cat litter.
Insiders cannot legally trade on insider information. They can, however, file a 144 form ahead of time and then sell after the information has been made public. This makes a level playing field for all. 144 registered shares look, smell, and taste just like anyone else's shares.
The only place you could get the information that Sandy has not sold any shares is from Sandy herself, an unauthorized leak from the transfer agent or an unauthorized leak from BI. Sandy will have to report her total shares for the next BI quarterly report.
Do you have a source for your understanding about Sandy's "no sale"?
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