Very good. However, they may have certain restrictions on officers when they leave that prevents them from loading up the truck on information they took on from their previous board mtg concerning a merger or partnership. That would be considered acting on inside information on the outside. The same thing applies here, he cannot share this with others like family members so they can load up the truck. It is not that easy especially with officers who are close to negotiations. The exception would be that they were in early stages of talk and there was no definite commitment of any sort. Companies get takeout offers all the time and never get acted on or get further than the waste basket. The smart thing would have been to load up before he left rather than do it later. These guys can buy from the inside as long as they file they are loading up. In one of my holding a couple of years ago, the CEO loaded up the boat a year ahead from the takeout. He took a chance that it was coming, did not know the date but knew eventually the offering would come because there were certain attempts before but the numbers would not meet expectations of the board. Therefore he loaded up a year before the last offer was accepted. Also, they were shopping the company around for a taker for some time. It could be considered a speculative move on their part since they have no assurance it will happen or be approved by their respective board.
IMHO - CFO Quit so he can buy without being an insider -as he knows when the buyout is planned by Pincus.
You don't go back to work when you are a billionaire.
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Who cares what is happening behind the scenes. Buy the trend up period. Get out when you want to. Got in at 2.54 a few days ago. So I will just watch. Buy out possibly, 2 new games coming out Q1, Stock buyback great, $1 Billion in cash(Heck buy the company for that). Earnings back to flat. Switching to mobile focus. Turning a corner possibly. Mostly things that would bring this UP, not down. Wouldn't you rather be in right now simply based on that. I would and did. People, I look at charts and indicators. They all point UP. Good luck!
there's only ONE scenario - the company is up for sale.
The recent run up is a ploy to create the illusion that a buy out offer will come, and shorts are pushing up the ask, and then the rug will be pulled on the newbie call buyers, who should have known better. Too bad Zynga is so terrible at communicating. Companies gets a 7/10 for being creative and 10 on 10 for discovering ways to avoid net profits.. All good for shorts.
Sentiment: Strong Sell
There are essentially two choices:
A) The stock is under accumulation for an eventual buyout.
B) Boy Pinky issued this edict to the temporary CFO, "Man the ramparts, and start buying ZNGA shares. The ZNGA Brain Trust may not earn a dime, but we can still speculate in our penny stock."
I somehow think the latter is the case. Let us see how far that $200- million goes, and once expended, where this junk stock ends up. I do have a math question. What percent of current ZNGA market cap does $200 million represent?
Sentiment: Strong Sell