Good point. Nevertheless his willingness to hang on does count for something with me. Plenty of other insiders won't even bother to show such a small gesture like that.
Take fgen CEO for example. He regularly exercises and dumps his options. Well since I hold a big stake in fgen , I rationalize it as follows : as long as he regularly sells his options and keeps his total stake of around 2.8M sh constant, then even though I don't prefer it but I could live with it.
If and when he whittles down his total stake in a serious manner, I will bail instantly. To me, actions always speak louder than words.
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