Maybe Lefar Wants to Leave; 95 insider sales in last 12 months; what's in the books?
When you know a company can't produce, selling the snake oil gets old and tired.
CMO left (twice).
Insider Sales by: Founder, CEO, Director of Customer Service and International, Directors (plural), Chief Legal Officer and Secretary
Insider Buys on open market: 0 (3 months) 0 (12 months)
Number of Shares Insider Sold: 3,032,702 (3 months) 5,009,500 (12 months)
Number of Insider Sell Trades 36 (3 months) 95 (12 months)
Poison Pill prevents bids.
Chairman is lifetime banned by the SEC
It's been suggested and I'm also starting to wonder: What's in the books that insiders don't want anyone to know???
To those who are upset at VG CEO Lefar, just remember that the negative sentiments being expressed has denied the selling CEO a higher sales price. I'm happy Lefar sold, especially if it indicates he's thinking about leaving Vonage.