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| Insider Action Driving the price down | ||
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| Subject changed: Insider Action Driving the price down- Divx |
I believe all management personnel have a ton of shares each. I get
their updates via email daily and when they sell, it is thousands of shares each. It seems they are the only ones making money on this stock and they have a lot of shares left to sell. They are certainly getting rich off of it. They did, after all, form the company, so one could expect some of this to happen. I bought at the IPO and wanted to sell at Christmas time that year
I have since bought more shares at $12.15 and $13. My even point is
khalo wrote:
> A Jerome Vashisht Rota who is a DIVX Director sells a huge amounts of > stock on the begining of every month, does he know what he is doing to > the stock?? where is his beleif system. |
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You guys have to pay closer attention to the filings. Jerome Vashisht-
Rota, aka "Gej", aka the inventor of DivX, is sitting on over 150k shares - that's almost a $2 million stake in the future of the business! He's waited a very long time for this kind of pay-off, yet even at these prices he is still waiting... not only are the shares being sold under a trading plan adopted in November 2006 (when the stock was at it's all-time high), they are being sold through a trust that he does not even have direct influence over. Buying at $17-18 was a good investment - many institutions did the
I've been holding a substantial stake as well since the IPO... and
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Moot point at this time I think... Todays closing price is about $2.00
per share less than it was just a week ago, as "Big Floogs" points out. Currently I am Blogging on the last seconds of Stage6: in a few BLOG |
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