If an insider attempted to sell even $10mil worth of shares in a $120mil market cap company, the price would be cut to nothing quickly. They would be lucky if they got $3 mil for their $60 purchase. It woud be the same if Foote sold $1mil of his shares. The stock would see very subpenny in an instant. Considering they are paying $10mil cash and a company in return for their investment, I would bet that they plan on sticking around for a while. They may sell some down the road, but the price would need to be substantially higher as well as the volume.
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