Well, it is likely that he sells into the news. But, I do not believe that he intentionally "Bleeds" the company dry. I think there is a very good reason for it this time.
I will speculate on that reason. Maybe he just purchased a real diving/treasure boat? God knows he needs it. At least I am praying for it.
Look at the picture of the damage. The boat is heavier now. It is not a typical boat now. It is a custom boat. How do they know where to place the straps now? What if? What if it cracks again when they go to put it in the water? Aye Aye Aye!
I notice the shareholders don't get to vote. lol I wanted to vote Captain Joe off the payroll.
News 
Market Data 
Discover 
