Rule 10b5-1 permits insiders to implement written, pre-arranged stock trading plans when they are not in possession of material non-public information. These plans establish predetermined trading parameters that do not permit the person adopting the plan to exercise any subsequent influence over how, when, or whether to effect trades. Using these plans, insiders can gradually diversify their investment portfolios, spread stock trades out over an extended period of time to reduce market impact, and avoid concerns about transactions occurring at a time when they might possess inside information.
Under the plan Mr. Wilson proposes to adopt, he would sell up to 5.7 million shares of the Company's common stock over a period of approximately 18 months. The shares sold under the plan would include shares of the Company's common stock issuable upon the exchange of exchangeable shares of Lulu Canadian Holding, Inc. held by Mr. Wilson. Lulu Canadian Holding, Inc. is an indirect wholly-owned subsidiary of the Company
His plan is to sell 5.7 million shares over 18 months - Jan 10th-14th he sold 300k. Usually these plans are consistent. So some time in the next few days - he'll sell/dilute 300k more.
a cool 20 mil -----@ 67$
This is probably Dennis sellling this AM - 300k shares - I think you'll see the filing in a few days.
No one wants his shares- pattern looks to be a Bear flag that is breaking down this morning. See the pole on Feb 1 and then the flag for 5 days after that, Once 65 breaks, we'll be in the mid 50's in a hurry.