Under the settlement, Mr. McGrath is also barred from trading in the shares of any company for which he or his firm performed investor-relations work within a 12-month period, the SEC said. Additionally, his firm, current or future, is required to notify clients in writing of any intent to sell shares that were received as compensation, and must receive written authorization from the company to sell those shares.
Neither the operator extension nor the extension for Mr. McGrath at Cameron Associates were answered when a reporter attempted to seek comment Tuesday.
The SEC said Mr. McGrath avoided losses of $5,400 when he sold Misonix Inc. shares in May 2009 after he learned that the company would report disappointing quarterly results. In May 2011, Mr. McGrath bought 1,000 shares of Clean Diesel Technologies Inc. stock after he found out the company received a $2 million order, and then sold his shares after the stock rose 95% when the news was announced--making $6,376 in profit, the SEC said.
ever take a business or tax course? Go do the same thing for Apple and you will write a post about 100X larger than the one above. You are so naive
Hear from your deadbeat husband?
you want 70 year old insiders who have a large/majority portion of their wealth in this stock to buy more? Glad you aren't my financial advisor.
Get a fund to buy 300K shares and the insider selling is taken care of
I think RVM should just buy the mine and tunnel in from their side leaving nothing to those local hicks
I am not sure that the HQ relo is a cost savings as they had to get out of the lease 1 year early. So they may still be paying on the other building. Yet another example of disingenuous PR's from the boiler room
Still trending higher than last year (about 20%). Backlogs are still strong as well.
with 14M+ fully diluted shares, that's $168M+. I don't see this going for more than $8-$10. Remember, higher than $10 and Avis' 600K options are in the money
bio from the Omnitracs website. I like that he directed Channel sales. Our Channel sales are probably 1/10 of what they should be.
Norm Ellis is Vice President of Sales & Marketing for Omnitracs, Inc., a Qualcomm
company. Omnitracs provides integrated wireless systems, applications and services
to deliver a competitive advantage and measurable long term business value to
transportation and logistics companies. Ellis provides executive leadership for the
sales and marketing organizations. He is also responsible for the development
and execution of Omnitracs channel sales activities. Ellis has more than 20 years of
transportation and logistics industry experience.
Prior to joining Omnitracs, Ellis held leadership positions at Mason Dixon Lines,
Overnite Transportation Co., and Service Transport, Inc.
Ellis is a graduate of Emory and Henry College in Emory, VA.
First year compensation is $750K+. For that money, this guy better cure cancer, walk on water, and sell stuff like no ones business.