"however, cue bought in below market. kind of a scam on shareholders if you ask me"
how is exercising your stock options anything like a scam? if anything, she wasted much of the benefit of the options since at the time she exercised, the share price in the market was only slightly above the exercise price. additionally, when she exercised the options at 29 cents, she also had to pay taxes on the difference between the market price at the time and the 29 cents - so more money out of her pocket. she chose to exercise instead of doing a market purchase for a couple reasons:
1. she would not be able to buy 2 million shares in the open market without significantly moving the price
2. exercising the options provided the means to give the company a cash injection - likely sufficient enough to get it back to the point of breakeven/profitability.
think about it you fool - if instead of exercising the 2 million shares at 29 cents, couldn't she have gotten the same publicity and being all in buying 1 million shares in the open market at 31 cents, or whatever the price was at the time and spending less money? she did shareholders a favor by exercising the options - you are just too focused on trying to put a negative spin on absolutely everything, and you are very wrong in this case.
she could have just as easily exercised the options previously at 29 cents and turned around and sold into the market at 60 to 90 cents when the shares were trading there, but she didn't. why don't you open your eyes and understand what she did was for the ultimate benefit of the company and all shareholders?
so after their 25k block at $4.50 gets taken, seller comes back and puts another 25,000 up at $4.50.
must be turkeys at Freestone.
I could appreciate that she may be restricted at this time with Q4 results pending, however, as soon as she is allowed, she should be buying at least 25,000 or 50,000 shares.
We should definitely see improvement coming - my other small banks that have started reporting (2 in the past 2 days) are announcing record profits for Q4.
stay away from it. there is no value for shareholders at this point. company's sole objective at this time is to sell itself and protect clients/business. Citi lowered price target to 75 cents. Leucadia effectively owns the company now.
no huge reward coming. estimated value of the company is now $50 million to $70 million at most.
when these blowups happen in FX, they do not come back - it is dead for shareholders.
You make a good point. However, you and I and the folks here are not lawyers or understand what can be prosecuted. Is it simply a matter of being stupid or a lousy manager? Or was it a continued pattern of actions to defraud shareholders for personal gain? Again, we don't know everything or where the line is. All I'm saying is that it may be worth some time/effort to investigate what the options are, the cost, and the downside. Maybe there is no downside, and like all of Frank's lawsuits that were thrown out by the courts, Wise can get the courts to invalidate the hurried indemnification ratification that was done at the last moment? If that happened, and Frank were potentially on the hook personally for damages, there might be a quicker less costly route to settlement which is more beneficial to the company.
well, I want more shares below $8.75, but it looks like I'll never get them.
this little gem is turning in fabulous results and management has basically telegraphed that 2015 will be a very good year. if the Fed gets its act together and we finally see some movement in raising interest rates, earnings will be that much better.
I like the history of insider purchasing - they have skin in the game and gives me that much more confidence.
buyout candidate with current earnings and for certain as they continue increasing - PFS is in acquisition mode and there would be good synergies and plenty of room for cost savings in a combination.
worst case, shares go back to $12.50 by mid-year.
two thumbs up!
no jealousy at all - just stating the facts that you 1. called JVA a value play under $5.50, 2. you banked a loss of over $5k selling JVA below $5 and 3. JVA is now trading above $5.
on top of all of that, for some reason you now camp here only posting trash about the company advising everyone to sell. why is that? it's no longer a value play below $5.50 because you sold the shares for a loss at $4.99?
you are pathetic - do you understand that your ARNA, CEMP, and anything else means absolutely nothing here, only what you said/did regarding JVA? what's the matter - got no friends over on the ARNA and CEMP boards so you camp here?