The insiders especially MARK SIRGO are treating this stock as a personal casino. Why do the board allow it? They have been steadily unloading since 3’s. Now the stock has doubled, despite that sh it. Can you imagine where the stock could be if the insiders really cared about the shareholders?
These guys aren’t bashful when it comes down to unloading shares.......sometimes more than once per week. 1/2 a million’s worth? No problem. These insiders are maggots!
Greed and no belief in doing what’s in the best interest of the company and shareholders. Sirgo sold 86,647 shares for a total cost of $521,783.10. Get these parasites off the BOD!!
if your money was on Sirgo to sell you won. I believe he is closing in on a sale of 1m shares over the past year. in a fit of frustration I think back asking what has he doing to deserve this?
he left the company in a stable position for someone to inherit. worked hard for his shares to build what the company is now. who cares what he does with his shares
It is an issue of perception really. Does Sirgo need the money? O'Donnell? If they need to diversify their holdings fine, but do they have to sell so many shares, so relentlessly. Does that mean that they are not positive on the outlook for the company? Do they believe the stock will continue to go up? If you think the stock is going up, why not hold more shares? I am still optimistic and holding my shares. I think it will continue to go up and if fewer insiders sell, the shares will go higher.
Here’s the thing with the press release, you can talk all you want about how great things are going but when insiders sell nearly $40M of a $500M company in one year it creates a massive headwind for shares and gives everyone the impression that the price peaked. At some point they need to take a pause.
