"Keep the ad hominem attacks coming and I'll eventually figure out if you are over 16 yrs of age."
Nice reply and BTW I don't care what you think. You're attacking his education and his previous company's performance as reason to discount an insider buy. I simply stated any CFO has accurate forecast info and relevant status updates for the company's outlook and can judge accordingly. With this info in hand he choose to invest his money on Friday.
I'll take that as a positive sign any day over your analysis.
Hey, of course it is nice to see any member of mgmt buy shares of a company. But let's keep this in perspective, shall we?
It means nothing what he bought.
Because this fellow signed on with a $340,000 base salary.
They gave him $25,000 in cash just because he accepted the job ( I can see moving expenses, but he lived there and was out of work anyways. Sign bonus sucks).
Then SCLN gave him 150,000 options. they didn't cost him a single penny.
Then SCLN says they will "target" his annual cash bonus at about $100,000 (30%).
Then I am sure there are thousands in other paid perks.
So? The fact that he bought $15,000 shares? means nothing. he is probably rolling in dough - double dipping...because he probably also got a two year severance payment up front when his previous company got bought out..and he wasn't needed.
Show me an SCLN manager putting down $100,000 plus and I will be more impressed
No, snogreen is not selling or shorting SCLN. I actually still own a small bit still. So I am long! I keep it for old times sake, and I keep it for tax loss reasons...which is not much here in the scheme of things.
Hope he has better results than at NUVO which closed at $.30 today. He came here from another company after it was bought out and he was probably let go. Doesn't seem like a guy who will make a difference. Touting his inside buy as if he knows something ($10000) hardly seems meaningful.
"Touting his inside buy as if he knows something ($10000) hardly seems meaningful. "
Let's see he recently became the CFO and now has access to updated financial results through Dec 10th and probably has the updated forecast through the end of the year. Other than that I would guess he's not planning on taking his $15k investment as a charitable deduction.