Would insiders with options at $1.22 be selling today ...
hmmmm, I think not ... FY2014 is their turnaround year ... remember, quarterly revenues "North of $7 million" ... profitability is at $8.5 million ... they will achieve that this year ... I've bought all I need ... good luck to us all ... Cheers!
I'd say more than likely they have some very bad news for shareholders this afternoon. Obviously some large holder has some advance warning on the news and has decided to exit today. No one, I mean no one... schedules an earnings report on Friday afternoon on a holiday weekend that has anything good to say. All of Wall St will be gone when they announce and hold their conf call. Not like anyone cares about this company anyway. Hopefully they have some near term news on more customer additions. In the meantime I'd put on the helmet.
I would say a large holder definitely pulled out, but did so with a profit before earnings. I don't blame them, nanocap companies are dangerous and very volatile after an earnings call. On top of that, I wouldn't be surprised if the "Friday afternoon on a holiday weekend" affected their perception. But if I'm being honest, I think the earnings is simply based on their history. And I am not expecting very bad news for shareholders. Hey, I might be wrong.....after all I have an aggressive gut.....but it usually pays well. Anyways, I can't buy any more shares for the day. Good luck!