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Actuate Corporation Message Board

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  • akathemole akathemole Jul 31, 2009 8:04 PM Flag

    And the insider sales start.

    Nicci dumped 68,600 shares today. I expect to see him dump another 60-70K shares before window closes. Nicci clearly doesn't believe in BIRT or that ACTU has any value as a future buyout candidate. Makes you wonder who is right, Pete or Nicci?

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    • It is incredible that they can't want to dump it. Makes you wonder of the smoke and mirrors.

      • 1 Reply to bimmertx
      • The only thing that is "incredible" is that your posting has no substance to it.

        What exactly are you talking about? Please describe, in detail, what is "smoke & mirrors" about this company.

        Besides, as I have previously stated, there are over 12.5 million shares of exercisable stock options right now; with about four million more at higher price levels that will become exercisable in the future. These sales are meaningless. If you ever become executive of a company, you would realize that is how they get paid. They don't just work for a salary. There is nothing wrong with cashing in stock options, thats the reason why the company grants them in the first place! Also, you seem to be ignoring the fact that the company is spending 10 million dollars buying its own stock back, who cares what the insiders are doing with options, open market buybacks are much more significant.

        Go read their 10-K, and look at employee compensation.