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Re: Traderfan post# 40948

Thursday, 07/18/2013 11:04:55 AM

Thursday, July 18, 2013 11:04:55 AM

Post# of 163718
Fact is the two guys you quoted to support your thesis that nobody in a Company stands up and puts his own real money into the stock are not supposed to do that. One b/c he's new (Yap) and hasn't got a chance to legally buy a share since he took office. Or do you want him to risk his license as a finance professional and a suit by the SEC being not only an insider but an independent director whose status doesn't usually allow him to own shares of the company he represents. The other one (Chad) as I said, has always owned a LOT of shares until he resigned, so why should he continue to own shares of this company? Both cannot be quoted as examples to support the point you were making.

Otherwise I fully support the argument that insiders should have a strong vested interest in the company they represent and see to it that their own interest is aligned with investors' interest. But quoting Chad and Yap to show that NOBODY puts his own money in this company is a pure distortion of facts. If you had quoted Tan or Chen as I pointed out, I would agree. EOM

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