Ted and friends must have hung up on the CC on Tuesday wih a sigh of relief. The SEC 424B (insider sale) was filed on Monday, but there was not a single question or comment on Tuesday. There was a related SEC notice filed even earlier...an S-3 filing 11/28 clearly showed what was going to happen with the sale. Nobody challenged Ted's statement about "buy back demonstrating Board confidence".
I certainly missed the news until today, and that is my fault. The info was publically released. I would have hoped that Gomberg (covering analyst at Weisel) would have seen it though. Did he: a) miss it ... inspiring no confidence with me, or b) think it was immaterial c) think it was better off unsaid for some reason??
My lesson for the day is to add the raw SEC filings to my routine checking for DPAC. You never know what you will find.
Beadle didn't sell his shares , He registered for the oppurtunity to sell them. He has a long window in which to exercise them or can change his mind and do nothing at all. This is a very shrewd man who didn't get to the point of buying and selling companies without financial acumen. Maybe he is anticipating some significant price movement in the next 6 months and wants to be in a position of taking in some cash. Don't over analyze ever move. The company is still profitable ,(without any of the new technology hitting the bottom line) and I believe this market will stabilize soon. Keep the faith. These are difficult times to be in the market but patience will be rewarded.