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Boyd Gaming Corporation Message Board

  • loriskhireward loriskhireward May 15, 2013 2:22 PM Flag

    MOST insider sales are PLANNED sales...

    check the filings - insiders usually do not simply "sell" their shares...usually through planned schedule. Usually the case, imo.

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    • The 10B5 'planned' sale is the biggest fraud in already fraudulent market. If you read the rules, you file your 'plan' ahead of time. However, you are allowed to 'cancel' the plan at any time. So, here's what Mr CEO does.
      He files his 10B5 'planned' sale, before knowing what the quarter is going to be like...well in advance. Then, if the quarter is bad, his 'planned' sale goes through. If the quarter is good, you just don't execute the 'plan'

      What is the point then of the planned sale if you are not required to execute it?

 
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