InvestorsHub Logo
icon url

Foxwoods Man

12/11/09 1:19 PM

#30466 RE: cassini2titan #30465

The settlement is dated 11/30/09 which is only 11 days ago. Maybe he hasn't sold any yet....
icon url

sojourner

12/11/09 1:33 PM

#30467 RE: cassini2titan #30465

cassini: Interesting. As I read the Nov 30 agreement*, Allison's 100,000 share sell quota, if not expended in whole or in part within one month, does not accrue to the next month and so on. An accrual arrangement would, of course, be counterproductive to the company as Allison could restrain himself for six months, then dump 600,000 shares of a sudden.

*From 8-K: "Allison agreed not to sell in excess of 100,000 shares per month during the first six months of the Settlement Agreement."

In any case, over 500,000 retail buys (during Dec 2-8 volume spree) were executed per iHub data and, curiously, 95,000 retail sells. As the Allison agreement is dated Nov 30, 2009, it's possible Allison could have shot his December wad of 100,000 shs. If he was foolish enough to do so, the market just hiccoughed in reply. LOL







icon url

rocketeer357

12/11/09 8:47 PM

#30472 RE: cassini2titan #30465

This is the first month he can dump his 100k allotment.