Perhaps it is now more clear as to why Jerry sold off another 14mil+ shrs..if I were to take an educated guess, it would be to perhaps fund this expansion contract with CareAccess? Any other thoughts on this? Also I found this to be interesting:
Insider Sentiment
Over the last five years there has not been an insider stock purchase at ERUC.
Hah, not a single purchase. Can you say dilution, dilution, dilution? We might actually be at a pinnacle point in their business plan. It appears that expanding this contract was part of the '08 plan (and 1st qtr) from the start, only thing they are guilty of is not sharing this with the shareholders while squeazing us during the dilution to get this deal done. Here is the qoute that leads me to these assumptions: "We are very excited at the expansion of these contracts. ERUC is moving forward in all aspects of the 2008 growth plan. We are on target to reach our goals for the first Quarter," said Mark Solomon, ERUC President.
If this is all true, then the future may be brighter than we may have thought (even as of yesterday, when gloom resided over all of us it seemed). Now I am posting all this for debate not to pump, I am just trying to piece the puzzle in the way that makes the most sense considering all the dilution and clearly also from Jerry's sales of stock. Please, let's all talk about this shall we? I have a much better feeling now than I did 2 weeks ago trying to figure out why Jerry was selling so much stock.
~Dp
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