Not very settling when you see insiders selling, not sure why Ponder did sell late last year. He has been around since 2010 , have no idea but maybe just taking some off the table after the pps hit a low of .22 earlier last year before the debt restructuring. These also appear to be partially options that fully vested at .80 that he sold as he only reported holding 51,283 previous to the sale.
As far as Ceo Monroe, he hasn't purchased on the open market but he and his family own/control Thermo Funding which is the largest holder of Globalstar after last years $85M funding for debt restructure.He and his family currently own or control over 588M voting and nonvoting common shares of the 852M total outstanding.
"Globalstar said that thanks to its longstanding financial backer, Thermo — owned by Globalstar Chief Executive Jay Monroe and his family — it has paid off part of the notes due and reached an agreement with the remaining note holders. The agreement, concluded May 20, increases the interest rate on the notes to 8 percent from 5.75 percent per year but delays their due date to 2028."
" Thermo is making a fresh cash investment of $85 million in Globalstar to secure the exchange of the 5.75 percent notes and the Coface restructuring."
“Thermo is fully committed to Globalstar’s success,” Monroe said during the conference call. “This latest financial commitment represents my personal conviction.” ===========================
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