Do you short gumps actually believe that 120b-5 sale plans (net worth diversification, tax planning, a second home in turin, college tuition for grandchildren, buying a 75' sailboat and the like) have anything to do with this company's prospects?
So let's see, when the 10b-5 plans resulted in some sales below $20 over the last 12 months, that was an indication that the wheels were coming off the story? LOL
Revenues, margins and ebitda are ahead of (and surging) guidance and even the most optimistic of sell side analyst expectations. Earnings will follow.
November 4th is coming right up now friends. We can be thankful the shorts are blowing lunch here -- a great opportunity to pick off more cheap shares before they rage back to the mid $30s on stunning revenue growth and an updated outlook.
Did you ever learn much about the backlog here?
See my partner's excerpted post re "Why FIO Shares are about to Soar" -- and remember, Facebook has publicly announced they are going to add eight (8) new high end data systems, all of which will be specified with FIO's new os2 equipment. Remember this, too, Faceplant's program is just underway: they only began Phase 2 of their first new high end data center last quarter. Again, 7 more centers will be built by Faceplant.
As for AAPL, at least report they had in excess of 150M registered users of their cloud services in their new mother of all data centers. Ahem, AAPL may soon be vying to become FIOs biggest customer, too... surpassing even Faceplant.
The commentary on the gang selling thread will lower one's IQ for the reading...
These 10b-5 sales are peanuts relative to just the ceo's holdings, leave out the rest of the guys. The CEO still holds almost 4m shares, not counting his option shares, and he is about to receive more options for this year based on rock solid execution.
As fortaxes on the ITM position? ordinary income WHEN EXERCISED guys... there is no tax event without a sale.
Do some reading and thinking before you post so you don't encourage everyone to use the ignore function.
Incidentally, you might review Flynn's Form 4... and, while the short gumps are either unsophisticated or would have the gullible here think he sold a huge number, it was peanuts relative to his current stock ownership which is roughly 4m shares.
Of course, that 4m shares does not include his stock options or other incentive upside programs, nor does it reflect the reality that he will soon receive another big options grant for this year reflecting the BOD's assessment of management's outstanding execution efforts since the IPO.