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Ocean Power Technologies, Inc. Message Board

  • greedypig99 greedypig99 Jun 1, 2012 10:35 AM Flag

    Nice work!

    Date Insider Shares Type Transaction Value*

    Apr 19, 2011 TAYLOR GEORGE W

    13,000 Direct Sale at $4.76 per share. $61,880
    Apr 18, 2011 TAYLOR GEORGE W

    12,000 Direct Sale at $4.76 per share. $57,120
    Apr 17, 2011 TAYLOR GEORGE W

    15,000 Direct Sale at $4.78 per share. $71,700
    Apr 14, 2011 TAYLOR GEORGE W

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    • It's neither odd nor surprising that the 78-year-old founder of a company would sell shares periodically. Even as a fellow stockholder down 70%, I don't begrudge Dr. Taylor his right to sell.

      On the other hand, if he's on a glide path to retirement, why are we paying him over $600K per year when Mr. Dunleavy (CEO of this small, unprofitable firm) also receives almost $600K? Viewed through a financial analyst's lens, the firm looks too much like a piggy bank for its execs.

      OPTT's sales in the past year are about $6 million, and the salaries for those two alone soak up almost 20% of sales. We shareholders are paying Messrs Taylor and Dunleavy (together) over $0.11 per share in annual salary. Ouch.

    • Jan 13, 2011 TAYLOR GEORGE W

      18,000 Direct Sale at $5.53 per share. $99,540
      Jan 12, 2011 TAYLOR GEORGE W

      16,000 Direct Sale at $5.62 per share. $89,920

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