If the Ceo was force to sell 1.3 million shares at $10 plus , but still has 2.9 million shares left, if he thought it was worth less then $10, don't you think he would of sold all of his shares? Maybe they are worth $10 plus. Just thinking out loud...
Not thinking very hard apparently.
1. That's not the number of shares he has left.
2. He didn't sell the shares voluntarily but they were sold to satisfy a margin call on a loan.
3. He would not be allowed to sell shares right now if he wanted to.