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Legato Systems, Inc. (LGTO) Message Board

  • flapjacker69 flapjacker69 Mar 14, 2003 1:34 PM Flag

    news just hit the tape

    substantial insider selling this week

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    • Where did you see that? If you are correct, I'll wager it is that bastard Kay dumping shares. He just can't get enough of screwing everybody.

    • Flap - for the record, other than Kay, who is selling on an auto program the 7.7m shares he got in the acquisition, there has been no SEC report of any Insider sales since November 28, 2001.

      ... NO LGTO INSIDER/OFFICER/DIRECTOR HAS SOLD SHARES FOR THE LAST 17 MONTHS.

      During this same period, 6 Insiders have purchased shares.

      More so, LGTO has stated that they have NOT repriced the options granted to execs, now that their stock price is much lower than the strike price when granted. This is admirable, as it holds the execs accountable for their performance. A great many firms reprice their execs options.

 

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