Its becoming more & more common. 3 instances that I am aware of are BH and RARE and LLNW.
BH, the CEO is contractually obligated to spend 40% of his bonus on buying common shares in the open market.
At RARE, they grant them options based on how many shares they bought in the open market. And LLNW gives them 20% free shares for buying in the open market.
You don't know these things if you don't spend time reading the 10k and proxy and I haven't done that here. I was just asking if anyone else has.
Ive been following insiders for 30+ years. These plans are good compared to the outright gifting of shares at many companies but it can dilute the value of open market buying.
So I just asked, thinking someone might actually know one way or the other.
yahoo is full of cheerleaders. The lack of answer shows that.
LLNW....insiders were buying in via an incentive program that also garners them restricted shares equal to 20% of their purchase amount
14 posts | Last Activity: 5 hours ago
Member since: Jun 22, 2015
If you idiots are paid touts are just moron wannabe investors who think they are going to strike it rich.
Its laughable either way.
But nevermind me, Ive just been exposing stock scams for about 25 years now.
I have tangled with at LEAST a half dozen guys that went to prison over it.
And I have never been wrong.
Nothing teaches as well as losing money.
Buy the stock !
Show me !
SEC Targets Promoters For Online Stock Fraud
And of course, Sitra was there.
LR-15949 - SEC
I don't care how much money you lose. In fact, I think its a good thing.
My problem is when criminals get it.
You see, I have this notion that crime should not pay.
That's why Im here.
So please, ignore me, buy the stock. I want you to lose money.
'If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy.'
You have to strike back at the scammers to dilute their message of truth.
I get that.
The CEO is a PROVEN SCAMSTER and this stock is a pump & dump.
But FEEL FREE to ignore me.
Ive seen this same #$%$ so many times its not even funny.
Sitra was touting his scam stock from the rooftops.
Smith went to prison, Sitra just got a hand slap.
But he is only interested in your money. Just like other scamsters.
I guarantee it.
Well, in my case, its because I hate to see obvious criminals cheat people.
Ive watched dozens of guys go to prison over the years. One, Alvis Colin Smith from Great White Marine.
Sitra was his biggest cheerleader.
Its called STOCK FRAUD.
You snot nosed punks are so obvious.
Ive seen this game so many times its not even fun anymore to expose you.
Any shares he got were given to him free of charge.
This company doesn't value their shares which is why they have gone down 99+% over the last 10+ years via changing business models repeatedly. no meaningful revenues and heavy recurring losses.