Re: Stock Exchange Listings - Ankeroo
in response to
by
posted on
Feb 20, 2008 07:42AM
The company whose shareholders were better than its management
"IMO nothing on the list comes anywhere close to explaining reason for sales. Negative things would show lack of integrity. Positive things would make for a higher price. Naw, I'm sticking with the financing theory."
I never said these were reasons to sell. They are reasons that will cause blackouts, and during blackouts insiders cannot sell. And in the next few weeks we may have a series of blackouts that prevent insiders from selling for months. Therefore, if they need cash now, or foresee needing cash in the coming months for whatever reason...houses, financing educations, divorces, cars, whatever, these are just normal people, then they should sell some now before the blackouts start. I'm not going to try to explain why each director might need money or why they don't wait 3-4 months.
safeharbour