All the insiders filed form4s today and all them were eager to dump their free stock which was issued.
So these guys have no conviction on the company they run but they cut the dividend.
This is a very negative for me and I sold out and took a 35k loss. I will make it up on something else.
I wish people holding best of luck.
I could be overreacting but that is the way I operate.
I checked the form 4s, and every one of the insiders had more shares at the end than at the beginning. For example, the CEO before this quarter had 123,754 shares, and at the end of the day on March 1st he had 263,865 shares.
Please tell me where I am wrong, because maybe I was hallucinating when I checked the Form 4s at the SEC site just now.
Teletubbydude. The purple one with the triangle, Tinky Winky. fooledbyrandomness4 does have a good point. The ALSK President and Board don't even want to spend a cent acquiring ALSK. It has to be totally free or not at all. What kind of message does that send? Fooledbysodomness4 took a $35k loss the minute he heard this.
Sentiment: Strong Buy
So basically I risk 100% of my capital.
Management who gets paid 100s of thousands of dollars cannot even risk 25% for the taxes?
They need to sell this at a paltry price of $1.78?
They should be accumulating here if they had any confidence of turning this around not minimizing their liability.