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FAB Universal Corp. Common Stoc Message Board

  • lbcb321 lbcb321 Mar 16, 2014 2:32 PM Flag

    Insider Selling

    Oh yeah... I found my notes from last November when I was looking for shorting candidates. I don't think it has been talked about much here, but I had circled "Insider Sales" in my notes for one of the many red flags I had here. Let's look at just the CFO, Busshaus who had 345,184 shares on 02/01/2013.

    02/01/2013 sold 700 @ $3.2929
    02/04/2013 sold 1000 @ $3.195
    02/05/2013 sold 800 @ $3.1725
    02/06/2013 sold 700 @ $3.1757
    02/07/2013 sold 1100 @ $3.2775
    02/08/2013 sold 1100 @ $3.1868
    02/11/2013 sold 1400 @ $3.2914
    02/12/2013 sold 1700 @ $3.3114
    02/13/2013 sold 19,566 @ $3.1728
    02/14/2013 sold 700 @ $3.2143
    03/01/2013 sold 3666 @ $3.3694
    03/04/2013 sold 4200 @ $3.2549
    03/05/2013 sold 4000 @ $3.2549
    03/06/2013 sold 4700 @ $3.1905
    03/07/2013 sold 4800 @ $3.1473
    03/08/2013 sold 5500 @ $3.0989
    03/11/2013 sold 1900 @ $3.1774
    04/01/2013 sold 13,600 @ $3.754
    04/02/2013 sold 15,166 @ $3.6996
    05/01/2013 sold 15,200 @ $4.2528
    05/02/2013 sold 13,566 @ $4.2382
    06/03/2013 sold 8,717 @ $3.3263
    06/04/2013 sold 12,500 @ $3.207
    06/05/2013 sold 7,549 @ $3.2687
    07/01/2013 sold 9,000 @ $3.605
    07/02/2013 sold 5,700 @ $3.4717
    07/03/2013 sold 8,066 @ $3.4312
    07/05/2013 sold 6,000 @ $3.471
    08/01/2013 sold 28,766 @ $3.9861
    09/03/2013 sold 28,766 @ $4.1987
    10/01/2013 sold 28,766 @ $7.0668
    11/01/2013 sold 28,766 @ $6.388

    Leaves him with only 57,524 left. He was only two trades away from selling every share. When your own CFO doesn't believe in your future... it is time to take notice!

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    • Now let's take a look at Spencer:

      01/15/2013 sold 7600 @ $3.5822
      01/16/2013 sold 3200 @ $3.4388
      01/17/2013 sold 2700 @ $3.3585
      01/18/2013 sold 2900 @ $3.4569
      01/22/2013 sold 3200 @ $3.5795
      01/23/2013 sold 9700 @ $3.2794
      01/24/2013 sold 1200 @ $3.3367
      01/25/2013 sold 2000 @ $3.3347
      01/28/2013 sold 1800 @ $3.4272
      01/29/2013 sold 2100 @ $3.3521
      01/30/2013 sold 700 @ $3.3179
      01/31/2013 sold 700 @ $3.3086
      02/01/2013 sold 700 @ $3.2957
      02/04/2013 sold 1100 @ $3.1973
      02/05/2013 sold 800 @ $3.1625
      02/06/2013 sold 700 @ $3.1811
      02/07/2013 sold 1100 @ $3.2755
      02/08/2013 sold 1100 @ $3.18
      02/11/2013 sold 1400 @ $3.2893
      02/12/2013 sold 1700 @ $3.32
      02/13/2013 sold 48,634 @ $3.1651
      02/14/2013 sold 2700 @ $3.2242
      02/15/2013 sold 2600 @ $3.2085
      02/19/2013 sold 2000 @ $3.1868
      02/20/2013 sold 2100 @ $3.1862
      02/21/2013 sold 2200 @ $3.1366
      02/22/2013 sold 1900 @ $3.1221
      02/25/2013 sold 2400 @ $3.1342
      02/26/2013 sold 3400 @ $3.0693
      02/27/2013 sold 10,666 @ $3.2457
      03/26/2013 sold 45,830 @ $3.783
      09/25/2013 sold 150,000 @ $9.656

      Nice move dumping 150,000 shares at the high. He never bought a single share and both he and the CFO sold steadily while increasing the sales when they must have had wind that inquiries were being made about the company. Did they shirk their fiduciary duties to uncover improprieties so they could get their own shares sold? I would never state such an accusation as fact without the proof, but you have seen the sales. Why were the CFO and CEO doing nothing but selling if the future was so bright? Why did the sales increase once they should have known there were major discrepancies in the filings and SOMEBODY must have alerted them to the inquiries in China? I would be interested to know what date Carnes' investigators met with employees and suppliers in China and if it was right before the 09/25/2013 sale where Spencer netted $1,448,400!

      No proof of anything, but enough red flags that an investigation is warranted, IMO.

    • LBCB321

      I don't know if you are really idiotic with low IQ or just devious, but in any case, your numbers are off. You report that Busshaus had 345,184 shares on 02/01/2013. However, the 345, 184 number has to do with a separate company (FUTU) that separated from Wizzard Software called Future Healthcare of America. So, please get your facts right. We smarter people do notice, believe or not.

      FAB Guy

      • 1 Reply to benjaminterrywilliams
      • =However, the 345, 184 number has to do with a separate company (FUTU) that separated from Wizzard Software called Future Healthcare of America. So, please get your facts right. We smarter people do notice, believe or not.

        You continue to be clueless. You can view each and every one of these trades on Form 4 in the SEC Edgar database.

        The Form 3 showing his shares in FUTU was filed on 03/21/2013 and is completely separate from the record I have shown with his FAB sales.

        =We smarter people

        LMFAO! How many times are you punked with incorrect facts while you spew nonsense and claim to be "smarter"? I don't want to be so harsh with you, but you bring it on yourself... really.

 
FU
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