Replies to post #280 on Coffee Holding Company (JVA)

[Canoepaddler]

I'm chalking it up to paying taxes due to the date of the sale. It is pretty clear to me. If he sells more at this point, I would be out. Don't see that happening though. Good buying opportunity IMO.

[Canoepaddler]

argyle46 • 11 minutes ago Flag
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I have a question
If such bad news is coming, why didn't David Gordon, COO and brother of the CEO, sell HIS shares?

In the past, the brothers almost always sell their shares together and on the very same day. However, David Gordon did NOT sell his shares this time. Check the SEC filings for yourself, they almost always act together.

I have contended that Andrew Gordon, CEO sold shares to pay for taxes. Why? Because he sold on the very last day that his sale would settle in time to pay taxes on April 15th. He could not wait even one day more to sell shares to raise cash to pay the IRS or he would have been late.

Think about it. The short sellers would have you believe that really awful news is coming. If that's the case, then David Gordon COO would have sold his shares too because he knows what his brother knows.

I'm even MORE convinced now that my tax selling theory is right and that nothing is wrong here. IF David Gordon sells shares in the next few days I will revise my thesis but for now, I believe I am right. Less