Antares Pharma, Inc. (ATRS)

[jab91252]

Hey ryman, I've finally got a little time to catch up on things. Don't the options available to Wotton have expiry until 2018? Meaning, he can change the planned sale(s) along the way and capture the price that the price will be next year and so on? I see a difference in a CEO dumping shares on the open market to capture whatever price he can get and a scheduled SEC planned sale to capture his options granted to him along the way. Looking at that action with a purist point of view, then you don't want to see anyone sell, for whatever reason. But in this example, a purist point of view is not the correct point of view, imo. Just as PR's of other companies get reported about insiders buying company stock, when in fact, the buys are company sponsored and not purchased by the reporting person.

I believe I have seen posts from you prior that stated when he sells, it doesn't impact the pps in the least and I haven't seen a negative pps impact that would compare to the hand wringing from posters when the sales happen. I think the market perception of these sales are fleeting. Yes, there is a negative overhang from message board peeps, but that is also irrelevant in the grand scheme of things. There seems to be a lot of grey area involved with this subject, but ultimately, I think it's bottom line irrelevant to any claim of cause and effect for the performance of a stocks performance. And given the overwhelming proxy votes in favor of the Performance Compensation Plan that includes the awarding of options for the insiders, the planned sales are not a concern of even the institutions who had the power to approve or vote down the same.

On the flip side of the coin, one could argue like you, that Wotton "should wait". But to our chagrin, CEO Wotton decided not to wait. That begs the question for each individual shareholder to ask, why? My own answer is that he decided not to hold off on planned sales because in this opinion (or his ego as you have offered) he earned it. So, I guess my point is, each shareholder has to comes his or her own terms with these planned sales.

Happy Thanksgiving!!