Those shares were GIVEN to the insiders as part of a pre-arranged compensation program. Thus, the motivation for vague press releases in the absence of real progress. Net insider trading is actually over 1MM shares SOLD. Please research and see for yourself. That said, we are looking at almost zero insider buying, and one large investor getting rid of a large position. Would be foolish to try to draw any conclusions either way in this alone.
you mean this insider sell from freaking aug at freaking 5 bucks??
ya think they wish they would have held now? lol
yes, they were restricted stock grants given to insiders, but it tells me the company thinks fair value is at least 16.35/shr
any buy or cover below that price is a steal
congrats, cover and go long
Aug 9, 2012
RAPTOR CAPITAL MANAGEMENT LPBeneficial Owner (10% or more)
These were "ACQUISITIONS" by 10 insiders at $16.35 (non open market) which is probably means the same in your world as mine. If there was a private transaction to insure the price from a third party, I don't care...
The stock has taken a hit because over the past few weeks, it has experienced a flood of negative press that if true, should justifiably send this stock to zero. TODAY! It hasn't and I am going to go on the theory that they can produce the volume necessary. to satisfy those buyers, who up till now we have been speculating on. It'll be $30 before it'll be $10
Please tell me your prediction for the price since you happen to think that everyone is jumping ship?
I have a feeling that a lot of nonsense regarding UNXL is going to be cleared up in very short order.