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Zix Corporation Message Board

  • audphil78 audphil78 Apr 8, 2013 8:37 AM Flag

    Insiders-

    It is pretty pathetic that the General Counsel exercised his options at $1.82 and immediately flipped the stock out at $3.80. For 30,000 shares, that was $60,000 profit. Not exactly a goldmine. You would think he would hang on if he felt the stock would be $4.80 in a year or two?? Same with Russell Morgan...VP...exercised his stock at $1.50 and seems thrilled to have filled it out at $3.45 (wouldn't want to be buying at $3.55 if the insiders are upchucking at $3.45...especially with no excuse like they used in December to avoid higher taxes...These are in February and March of this year. Definitely discouraging.

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