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Cobalt International Energy, Inc. Message Board

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  • kg.ikj7890 kg.ikj7890 Dec 24, 2011 5:47 PM Flag

    Insiders dump 396,000 shares

    You're welcome to read/interpret however you like and put on the rose-colored glasses simply because a filing says it is a result of a 10b5-1 plan. However, in my book, a sale is a sale, regardless if someone tries to hide behind a veil pointing to a 10b5-1 plan.

    Tell me, when were the 10b5-1 plans filed for these folks and put into effect? Obviously, for these folks, there were no prior sales under these plans, so when exactly did they put them in place? Couldn't have been very long ago, could it? And quite interesting how the sales all took place on the same days - isn't it? What incredibly great luck for them to have made the sales on the 21st and 22nd coincidentally right on the day and following day of such great news - isn't it? Yet they had absolutely no idea such news was coming, because their 10b5-1 plans were already previously in place - isn't that right?

    Time to take off the rose-colored glasses friend.

1.08-0.02(-1.82%)Oct 21 4:02 PMEDT