Darren's Rovell take on PWCC, etc.

[Peter_Spaeth]

Dave I haven't looked at the filings but maybe you have, does he actually have a 10b5-1 trading plan in place? If so then it means less than nothing.

[Dpeck100]

Originally Posted by Peter_Spaeth

Dave I haven't looked at the filings but maybe you have, does he actually have a 10b5-1 trading plan in place? If so then it means less than nothing.

I don't think so and especially because of the pattern of sales.

David Hall did and for quite some time he was making planned sales and you could see the pattern. For those that don't know this means you must sell shares consistently at a specified date regardless of price.

His holdings have actually increased by just over 20k shares in his last filing so he has stopped selling.

All one must do is look at the insider data and they will see what has happened here. Joe was either paying for taxes to keep the shares or selling a few for some other reason but neither could in any capacity be viewed as nefarious.

This was added to the story for shock and awe and it worked. It just wasn't true.

[Peter_Spaeth]

Originally Posted by Dpeck100

I don't think so and especially because of the pattern of sales.

David Hall did and for quite some time he was making planned sales and you could see the pattern. For those that don't know this means you must sell shares consistently at a specified date regardless of price.

His holdings have actually increased by just over 20k shares in his last filing so he has stopped selling.

All one must do is look at the insider data and they will see what has happened here. Joe was either paying for taxes to keep the shares or selling a few for some other reason but neither could in any capacity be viewed as nefarious.

This was added to the story for shock and awe and it worked. It just wasn't true.

Most plaintiffs' lawyers don't understand sales by insiders either.

[Dpeck100]

Originally Posted by Peter_Spaeth

Most plaintiffs' lawyers don't understand sales by insiders either.

This was a hit piece and you need some salacious BS to get it moving.

Accusing the CEO of dumping stock before the pending doom that is being written about is slanderous. A dude like Peter Thiel would make his life miserable if it was written about him.

It will be interesting to see if one day PSA goes after someone trying to publicly hurt their reputation. It could be very costly for that person in legal fees.

[bnorth]

Originally Posted by Dpeck100

This was a hit piece and you need some salacious BS to get it moving.

Accusing the CEO of dumping stock before the pending doom that is being written about is slanderous. A dude like Peter Thiel would make his life miserable if it was written about him.

It will be interesting to see if one day PSA goes after someone trying to publicly hurt their reputation. It could be very costly for that person in legal fees.

I can't imagine that ever happening. That would be like a scum bag seller having his lawyer send out cease and desist letters. Probably just a urban myth.