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LeapFrog Enterprises Inc. Message Board

  • optimismiscontagious optimismiscontagious Dec 15, 2011 12:43 PM Flag

    6,586,140 insider shares sold....

    Even the majority owner sold 300k shares two days ago. This investing thing is all about finding good ceos who keep their hands-out-of-the-cookie-jar. Unfortunetly, the cookie monster reigns here.

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    • The insiders who have sold are Ellison (Mollusk) and Mike Milken, both have been holding the stock since it went public in 2002, so I guess they have a right to sell some shares after all these years and probably do a lot of it for tax issues that us mere mortals can't understand.
      The management on the other hand has, CEO Barbour and COB Chiasson, been buying shares, so no hand in a "cookie Jar" there. I think both the selling by the long term holders who have controlled the company all these years, and the buying by managment are very good signs for future, not to mention fact the companies products are selling well Leapad Explorer is "hot" and generally sold out, and fact brand is really loved by parents of young kids.

    • I'm not sure why it is so difficult for folks to read SEC filings correctly, but the majority insider is Mollusk Holdings,which is Larry Ellison. He has been for the last 15 months, and has announced he will continue to be selling 30k shares per day into 2012. The filings sometiemes need time to catch up, but there is no new news in this , we've all known it for many months. It's good that he gets below 50% ownership because then the company is no longer considered a "controlled" company by the SEC and NYSE, and it opens up the likilihood of many more funds buying into the stock (who are prohibited from buying "controlled" companies). Mollusk should go below 50% sometime in next 30 days if my math is correct.

    • The sales by insiders are almost entirely Larry Ellison, Mollusk Holdings, whho has been selling off for the last year and will continue (apparently per the 10B-5 he filed) selling 30,000 shares per day into 2012, he wants to get below 50% voting ownership, and that should be a positive for the company. The CEO has been buying shares, or at least did in the summer and early Fall , I guess because he thinks its a good investment. That's on top of the option shares he recieves as part of his compensation. That looks like a good sign to me.

      • 1 Reply to friendlyparker
      • "The sales by insiders are almost entirely Larry Ellison, Mollusk Holdings, who has been selling off for the last year and will continue (apparently per the 10B-5 he filed) selling 30,000 shares per day into 2012, he wants to get below 50% voting ownership, and that should be a positive for the company."

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        Why is it a positive for the company if Ellison has less than 50% voting ownership? Also, in a relatively small-float company isn't 30,000 shares every day a drag on stock price eventually (despite its recent strength)? How long has he/Mollusk been selling 30K shares per day? Do you know how long into 2012 it will take him to reach "less than 50% voting ownership?" I just rediscovered this company and am considering going long. Also, can anyone tell me why some posters on this board say the management has their hands in the cookie jar? And how risky do you posters out there consider this stock to be? Thanks in advance.

    • Larry Ellison has been divesting for over a year...(Mollusk Holdings) so if that is who you are talking about, he dumps like 30,000 a day for the next year...

 
LF
4.89+0.17(+3.60%)Dec 26 4:06 PMEST

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