"company Chief Revenue Officer, Barry L. Cottle, sold his shares at a price of US$3.30 on April 24."
Is that really true and/or legal? He sold minutes before earnings were released?
Yes, it is true ... he did sell but it was "effected pursuant to a Rule 10b5-1 plan dated November 30, 2012"
I'm having a real problem believeing this too. It is "News" on td Ameritrade at 8:30 AM. The audacity!
HE DUMPED EVERY LAST SHARE? THAT SOB!!
Those sales are his compensation and are sold every month. Go look at the history sec filings.