U2rtr1, imho, it's fairly common for a CEO, insider to do some selling, especially after their stock had been languishing for so long, they would like to enjoy the fruits of their labors and, not knowing how many shares he's got in the tank, I'm guessing what he sold is a small percentage... If he was selling and bad news was on the horizon, I would be worried... but as we've been fortunate here to discover, seems like a lot of good news is on the horizon... jmho
Lets put the share sale thing away once and for all. Bottom line is this.
#1 The amount of shares sold are peanuts to what he still has and what he can get through options.
#2 If he can buy shares through options that are about to expire at a price less than those he holds then he would be a bit of a tool if he did not sell a few to buy at a lower price.
#3 If all he did was hold (like some of you are so wisely suggesting) until the PPS was $10.00 then when he went to sell the SEC would be all over him. What he is doing is "establishing a pattern of selling" so that when he does want to sell some at a higher price he does not have to worry that he will be accused of insider trading. As long as he can show that he has sold some all the way along then he can sell when he wants for the most part.
I've been involved in public companies before and I can tell you that the little bit he sold does not bother me, in fact it is encouraging.
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