I am curious why this is not more of a popular topic on this board right now. Four insiders front 3,000,000.00 of their own money to aquire stock at 4.87 / share a week ago, and it barely gets mentioned on this board.
why? Isn't this a significant development?
Shouldn't this be a significant item to discuss?
I-be-rich, you are obviously way more involved than the rest of us to have that kind of information, and obviously have been here way longer than you pretend. Where did you that info that four insiders offered up all that money???
Cuz, I think you are wrong.
Well, I guess I am going to have to interrupt my winter vacation and address this seemingly monstrous question plaguing the board regarding this issue. I would have thought Beta would have settled but he was busy bitch slapping so I guess it will be left to me to be constructive.
Before I address this I would like for JCap to weigh in on this. My take is that these shares were actually exercised by the four horsemen so that a year from now plus one day they can achieve long term capital gains should they want to sell. However I don't think there is a possibility in this world that they ponied up 3 million to fund the exercise the warrants. Through some agreement with the company and BOD they are being carried for the purchase price. My understanding is that there is a common organizational procedure for handling this. I think the more important part of this is that their timing occurred in a natural break prior to significant events (10 day or two weeks). I would say that Jan 2 the requisite time span will have passed for the such action. The more intriguing thing is why they would even be thinking about long term captital gains one year from now. THEY DIDN'T BORROW 3M ON THEIR CREDIT CARDS JUST TO HELP THE ZIX CORP CASH SITUATION.
I personally think that Jan 2008 is the most significant month in Zix history in 4 years. I'm personally elated that they are jockeying and postioning themselve to take advantage of the sunami of 2008, just like I am doing, just like other are doing. They achieved a tremendous goal and they are thinking the same thing I am. Where is the best place on this wave to get the longest and best ride. Wednesday it starts getting crowded on the crest of the wave. Happy surfing.
Mojo in the sun.
There has to have been some significant changing event recently to trigger this recent buying spree. why didn't they make this type of purchase two months ago when the stock was more than half the price?
Suggest you read the Form 4s.
The five (not four) insiders, Dave Robertson, Barry Wilson, Morgan Russell, Richard Spurr, and Ronald Woesner were issued/granted (take your pick of term) 75,000, 20,000, 50,000, 400,000 and 40,000 $4.87 options, respectively, which vest quarterly and pro-rata over 3 years.
They did not 'front...their own money'.
Ibrich--With a precious few exceptions, this board has been systematically undermined by a couple of total assholes and therefore, meaningful news gets inundated with "bullshit" postings and people like myself, begin to contribute less and less. IMO, this has been allowed to happen because of posters like Simp and Richard who have some obsessive need to continue dialoge with these clowns. I don't get it. The stock is on the verge of major movement in 2008 and this board continues to discuss the "lunacy called Ghuzz". Go figure.
I believe that it is a no brainer....This is one of those sitiuations where an individual is taking any mad money they have at their disposal and pouring it into a situation they feel very confident is going to make them some big money...