first off, they cashed in options and sold, just happened to be a friday; they released the filings after hours as they knew it would tank the stock; filings a/h on friday are never ever never good; toms on the call was asked about the float; he mentioned there were several million options that were in the money; was he tipping this? no;
now to the sale itself; again why would you xercise options now after 2 days ago you just stressed that "4-6 weeks perhaps much sooner" there would be a binary event in the form of an agreement and with the xpected receipt of $5mm
reed has to absolutely positively without any doubt to deliver on the $5MM receipt and the new contract
if not, he will be accused of a p&d
he played right into the big shorts' hands
anyway, still long, next 6 weeks are make or break
"now to the sale itself; again why would you xercise options now after 2 days ago you just stressed that "4-6 weeks perhaps much sooner" there would be a binary event in the form of an agreement and with the xpected receipt of $5mm"
I don't see where there were any insiders sales of stock going back to 2011. Perhaps they needed some bonus compensation, and felt they had waited long enough?
They probably could have waited another 4 to 6 six weeks, like you said, and gotten a better price, but then again they sold only a small per centage of their vested options.
Is there ANY time that these insiders can sell some of their shares in order to obtain some additional compensation besides their salaries, and not have the outside investing community react negatively?
Great point. They can't ever win here because the shorts will always claim it's a loss of confidence in their business model or execution. Thx to CH we do know that this only represents 7% of their holdings and they will probably get these shares replaced next year which will probably lead to the same thing happening again. This is an amazing company in an absolutely exploding industry. Short term problem and i think UNXl will provide the long term solution