This guy had bought 9900 shares at $9.92 on 3/12/13.
Then,exactly 18 months later he exercises options for 12,045 shares at $3.78.
in Dec 13 he exercised options for 43,455 at 3.78.
He sold 40,437 shares.
11.33 from 9.92 is just 14.2%.
He still owns 71000+ shares
Feeling sorry for managers isn't why we are here.
Im here for an eventual buyout at $12.50-14.00. One you could miss by trying to get too cute and buying at the exact bottom.
Id love to see $9 and maybe we will. But a "strong sell" at $9.97? That's irrational.
And as for the 20% thing, I have to think there are provisions for hedge funds that go over 20%. If you mark to market, you certainly don't have to also add on 20% of PBYs losses, if any. Nor add on gains.
They can go up to 19.99% but that's a long time off even at their current rate of buying.
I think they are buying for an eventual deal that will make everyone money. Except you.
This company will be sold. Its just a matter of exactly when and exactly what price.
To say the stock is a "strong sell" just shows how irrational you are. Consumed by your hatred.
Im considering buying more but certainly will load up if it falls to $9 again.
I just called Casa Bonita Denver and the girl said they got the lease situation resolved so its not closing anytme soon.
Im guessing that paying off debt takes priority over getting the filing up to date but I believe they intend to get caught up.
Too long. It had insider buying way back when.
I thought they had caught up on some of the filings and was told they would eventually.
I few years ago, the reorg plan was calling for profitability after they paid down the debt. But the stock hasn't been acting well so who knows.
Should have sold into the hype a few years ago I guess.
I take it you saw the april news ?
However, at this point, if Casa Bonita-Denver is forced to close at the end of the short-term lease extension, management believes that it will still be able to fulfill all Plan commitments. Additionally, once commitments to Plan participants are met, management forecasts that the company will remain profitable, regardless of the outcome of the Casa Bonita-Denver lease negotiations.
Hold & hope.
The chairman has a lot of his own money tied up so I think we will get a reasonable end game but it may take a few years.
Lyle could have mentioned that in the PR.
Same discounting, month after month. By email anyway.
Occasionally maybe 2-3 times per year I get snail mail offers too.