Must be nice to be an insider, PLUS buy at half price. According to latest compensation vote, we managed to give them a 2 for 1 for open market purchases. So they don't have to profit only from upward stock movement, just as long as it doesn't halve.
Certainly is bordering on unethical, considering that some people base their buying decisions on insider behavior.
I'm very disappointed by that vote. Feel like a fool for sticking with this company.
Dear DSSI and others, I just got off the phone with mgmt as I had been VERY surprised to learn about this "matching shares" program given mgmt's history of being very transparent and shareholder friendly (in my opinion). According to mgmt, the comp committee had suggested this type of program but mgmt dismissed it as not being shareholder friendly. NO MATCHING SHARE PROGRAM EXISTS AT ACFN. All insider buying is real and to me a very credible sign of mgmt's enthusiasm and commitment to ACFN's future.
Sorry, thumbs-down pump and dumpers. If this company is as good as it says it is, insiders don't need to buy at half-price. Their generous options allow them to make plenty of money on very little upside.
DSSI_whatsup, I am confused as to what you mean by 2 for 1 for open mkt purchases for mgmt? i have read the proxy and dont see anything that relates to this. apologies but can you pls direct us to the document that talks about this? thx!