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Post by mytakeonit on Jan 2, 2020 21:13:30 GMT -5
These people don't need the cash to live ... and the shares will be worth a LOT MORE in the very near future.
But, that's mytakeonit
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Post by lifebreath on Jan 2, 2020 21:30:35 GMT -5
Its embarrassing how much these board members are getting compensated. For what it sounds like their duties are minimal. It's hard to say they are joining because they are confident rather than collecting a sweat compensation package.... I don't think he was given these as compensation. I think he already owned these and the Form 3 is the initial public disclosure as a director of this ownership. www.sec.gov/files/form3data.pdfWhat it does not tell us is when he acquired the 96k shares. If he acquired right after approval he could be nearly $1M under water and is feeling the pain of longtime shareholders. I think unlikely he had shares. More likely they are welcome aboard shares
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Post by porkini on Jan 2, 2020 21:57:14 GMT -5
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Post by careful2invest on Jan 2, 2020 22:05:11 GMT -5
an embarrassment of riches. Yeah, clearly only for management! Certainly not for us shareholders! I would love to talk with Matt Phieffer to get his take on just wtf is going on!
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Post by letitride on Jan 2, 2020 22:24:02 GMT -5
Its embarrassing how much these board members are getting compensated. For what it sounds like their duties are minimal. It's hard to say they are joining because they are confident rather than collecting a sweat compensation package.... I don't think he was given these as compensation. I think he already owned these and the Form 3 is the initial public disclosure as a director of this ownership. www.sec.gov/files/form3data.pdfWhat it does not tell us is when he acquired the 96k shares. If he acquired right after approval he could be nearly $1M under water and is feeling the pain of longtime shareholders. I believe he is as concerned about what his shares are currently worth as I am about mine. Can I get some more please? Let It Ride
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Post by factspls88 on Jan 3, 2020 11:17:44 GMT -5
an embarrassment of riches. Ahhh, the good old days.
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Post by MnkdWASmyRtrmntPlan on Jan 3, 2020 14:00:16 GMT -5
2. When Form Must be Filed(a) This Form must be filed within 10 days after the event by which the person becomes a reporting person (i.e., officer, director, ten percent holder or other person). This Form and any amendment is deemed filed with the Commission or the Exchange on the date it is received by the Commission or the Exchange, respectively. See, however, Rule 16a-3(h) regarding delivery to a third party business that guarantees delivery of the filing no later than the specified due date. (b) A reporting person of an issuer that is registering securities for the first time under Section 12 of the Exchange Act must file this Form no later than the effective date of the registration statement. (c) A separate Form shall be filed to reflect beneficial ownership of securities of each issuer, except that a single statement shall be filed with respect to the securities of a registered public utility holding company and all of its subsidiary companies. Source: www.sec.gov/files/form3data.pdf—————————————— (a) This Form must be filed within 10 days after the event by which the person becomes a reporting person (i.e., officer, director, ten percent holder or other person) - per the first sentence in (a) above. 2. Date of Event Requiring Statement (Month/Day/Year) 01/01/2020 It appears, to me at least, that the “event” took place on 1/1/2020. I may very well be misunderstanding this but it appears the answer is right there. Stock cannot be acquired on January first, so that could not have been the event. I am thinking that there was some formality to him becoming an officer on 1/1/2020, which was the "event", per the first sentence in (a) above. So, we still don't know when he obtained the shares, except that it was apparently prior to 1/1/2020. I believe they were given to him (signup bonus?). I think all bonuses should be given in shares.
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Post by mytakeonit on Jan 3, 2020 14:25:59 GMT -5
Looks like our baseline for pps will be around $1.20 ... So, shares look like a guaranteed winner over cash now.
Oh, did I mention that my $$$ came in and I'm just waiting for baseline?
But, that's mytakeonit
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Post by falconquest on Jan 3, 2020 17:29:42 GMT -5
Hmmm, available cash on hand. Makes me think about setting up a go-fund-me page to recover some of the $200K+ that I lost on this stock.
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Post by letitride on Jan 3, 2020 19:26:19 GMT -5
Looks like our baseline for pps will be around $1.20 ... So, shares look like a guaranteed winner over cash now. Oh, did I mention that my $$$ came in and I'm just waiting for baseline? But, that's mytakeonit Is baseline where Tony starts buying more? Maybe MC will take get hint and start buying to. My orders will be stacked thru base line come Monday. Lets Go!
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Post by brotherm1 on Jan 3, 2020 20:46:00 GMT -5
Are you certain you don’t want to wait until $1.15 ? And if we hit $1.15, wait for $1.10? Or if we hit $1.10, wait until $1.05?
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Post by letitride on Jan 3, 2020 21:02:43 GMT -5
I dont know where the bottom is but those orders get bigger as we go. I am keeping the bird in the hand this year and pissing on the one in the bush. Let it Ride!
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Post by rockstarrick on Jan 4, 2020 0:24:33 GMT -5
an embarrassment of riches. Ahhh, the good old days. My O’l buddy factspls88, ✌🏻😎
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Post by hellodolly on Jan 4, 2020 8:45:12 GMT -5
2. When Form Must be Filed(a) This Form must be filed within 10 days after the event by which the person becomes a reporting person (i.e., officer, director, ten percent holder or other person). This Form and any amendment is deemed filed with the Commission or the Exchange on the date it is received by the Commission or the Exchange, respectively. See, however, Rule 16a-3(h) regarding delivery to a third party business that guarantees delivery of the filing no later than the specified due date. (b) A reporting person of an issuer that is registering securities for the first time under Section 12 of the Exchange Act must file this Form no later than the effective date of the registration statement. (c) A separate Form shall be filed to reflect beneficial ownership of securities of each issuer, except that a single statement shall be filed with respect to the securities of a registered public utility holding company and all of its subsidiary companies. Source: www.sec.gov/files/form3data.pdf—————————————— (a) This Form must be filed within 10 days after the event by which the person becomes a reporting person (i.e., officer, director, ten percent holder or other person). 2. Date of Event Requiring Statement (Month/Day/Year) 01/01/2020 It appears, to me at least, that the “event” took place on 1/1/2020. I may very well be misunderstanding this but it appears the answer is right there. 01/01/20 is the 'event' (Hooper's effective date of appointment to the board) that triggers the 10day rule because he went from Joe Shmo to a board member. The purchase of shares remains unknown however, he is now required to report his shares due to his status. Regardless, we know these were not gifted or part of his compensation because they are (D) Direct purchase, according to the Form 3.
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Post by rfogel on Jan 4, 2020 9:45:45 GMT -5
2. When Form Must be Filed(a) This Form must be filed within 10 days after the event by which the person becomes a reporting person (i.e., officer, director, ten percent holder or other person). This Form and any amendment is deemed filed with the Commission or the Exchange on the date it is received by the Commission or the Exchange, respectively. See, however, Rule 16a-3(h) regarding delivery to a third party business that guarantees delivery of the filing no later than the specified due date. (b) A reporting person of an issuer that is registering securities for the first time under Section 12 of the Exchange Act must file this Form no later than the effective date of the registration statement. (c) A separate Form shall be filed to reflect beneficial ownership of securities of each issuer, except that a single statement shall be filed with respect to the securities of a registered public utility holding company and all of its subsidiary companies. Source: www.sec.gov/files/form3data.pdf—————————————— (a) This Form must be filed within 10 days after the event by which the person becomes a reporting person (i.e., officer, director, ten percent holder or other person). 2. Date of Event Requiring Statement (Month/Day/Year) 01/01/2020 It appears, to me at least, that the “event” took place on 1/1/2020. I may very well be misunderstanding this but it appears the answer is right there. 01/01/20 is the 'event' (Hooper's effective date of appointment to the board) that triggers the 10day rule because he went from Joe Shmo to a board member. The purchase of shares remains unknown however, he is now required to report his shares due to his status. Regardless, we know these were not gifted or part of his compensation because they are (D) Direct purchase, according to the Form 3. I think you are incorrect in how you are interpreting "D." It refers to the "form" of ownership: "Ownership Form: Direct (D) or Indirect (I)" In other words, he doesn't own them through, say, a trust or other vehicle. I don't think it tells you anything about how he acquired them. You need a Form 4 or 5 for that information.
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