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Post by biotec on Aug 8, 2014 18:34:20 GMT -5
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Post by babaoriley on Aug 8, 2014 18:58:49 GMT -5
Personal issues, money needed, planned sales, or, or, or, do you think he knows something the rest of us don't and he's getting out just in time?? LOL!
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Post by dreamboatcruise on Aug 8, 2014 19:04:21 GMT -5
It was a planned sale... that is in the filing.
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Post by mannmade on Aug 8, 2014 19:06:00 GMT -5
Personal issues, money needed, planned sales, or, or, or, do you think he knows something the rest of us don't and he's getting out just in time?? LOL! Yes and he had a major divorce settlement in second half of last year as I recall... So child support? Who knows... |
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Post by harshal1981 on Aug 8, 2014 19:39:56 GMT -5
It is A and D both.
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Post by daduke38 on Aug 8, 2014 19:56:09 GMT -5
Seriously, he might have wanted to give his ex her shares before they went up. Divorces can get to be very bitter.
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Post by notamnkdmillionaire on Aug 8, 2014 20:00:54 GMT -5
He sold 30K shares. He has 220,000 still available to unload. It is a non event just like the CC will be on Monday.
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Post by suebeeee1 on Aug 8, 2014 20:03:57 GMT -5
Let's get real. Even if he had planned to sell shares, IF he knew that these shares would double on Monday, do you REALLY think he would have sold yesterday instead of waiting a few days? This sale doesn't portend great things for Monday. Don't get me wrong, I am still longer than long. But now less hopeful for Monday.
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Post by dreamboatcruise on Aug 8, 2014 20:10:07 GMT -5
Let's get real. Even if he had planned to sell shares, IF he knew that these shares would double on Monday, do you REALLY think he would have sold yesterday instead of waiting a few days? This sale doesn't portend great things for Monday. Don't get me wrong, I am still longer than long. But now less hopeful for Monday. Not if it gets you in legal trouble... On March 25, 2009, the SEC staff revised its interpretative guidance regarding the circumstances under which the affirmative defense in Rule 10b5-1(c) is available.[14][15] In particular, the staff followed the approach previously urged by some commentators[9] to clarify (1) that the cancellation of a 10b5-1 plan could call the good faith of other, executed plans into doubt and (2) that the Supreme Court's decision in Blue Chip Stamps v. Manor Drug Stores, 421 U.S. 723 (1975), did not affect the SEC's ability to bring an enforcement action against a would-be insider trader who canceled a trading plan and did not trade in a particular transaction because a subsequent decision, Merrill Lynch, Pierce, Fenner & Smith, Inc., v. Dabit, 547 U.S. 71 (2006), made clear that Blue Chip Stamps dealt only with the implied private right of action for violations of Rule 10b-5 and not the "in connection with" requirement for all Rule 10b-5 violations. |
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Post by dreamboatcruise on Aug 8, 2014 20:12:14 GMT -5
He sold 30K shares. He has 220,000 still available to unload. It is a non event just like the CC will be on Monday. That baby doesn't seem so sanguine when you told him about the sale. |
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Post by BD on Aug 8, 2014 20:41:07 GMT -5
I'm dizzy with two parallel threads saying the same things, so I'm going to go ahead and randomly pick one to lock. This one wins (loses).
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