Another Reason Insiders Sell…
- Posted by Howard
- on August 22nd, 2007
From the FLY - LOL
Position Update: MVIS
Look you little shits, the CFO sold 40,000 shares– for a big profit of 80k. Am I happy about this?
No.
Does it mean the long term story is derailed, abandoned for asshattery?
No.
Without being emotional, understand that people have monetary needs. We do not know if Mr. Wilson has a sub-prime loan to pay off, or maybe a gambling debt with members of the Italian mafia.
We do not know.
At the end of the day, he makes 185k per year, hardly enough money to live comfortably.
In short, nothing has changed, with the exception of a destitute CFO scrambling for peanuts.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Born in Toronto, lived in Phoenix for 20 years and now in Coronado, CA with a loyal wife (15 years, 14.2 Canadian years), two awesome kids and a dachshund. My current start-up is called Stocktwits and I am a co-founder and CEO. More »
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