I watched the CEO on CNBC. First of all, I did not appreciate Simon badgering the CEO. Simon was less than professional. Secondly, the CEO was not convincing either. Id did not get the clarity of issues thru him. I guess, better to wait, let the time go by and see where the stock ends. I think the bottom is little ways down. may be 12-14 range.
I am sure SEC will look into his sale. As the director he is supposed to register with SEC his intent to sell shares some weeks back. If he has done that, then, this event may be just a very fortunate (for him) coincidence!!