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DivX, Inc. |
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
same - you can't help it that the stock has been a good target for
bear raids because of the low float and uncertainty about the business
for the average investor. You're smart to average-down here. The $4
pop a few months ago happened even while shorts were trying to keep a
lid on it. They eventually won out because of uncertainty with
stage6. When certainty finally arrives - even if it's the ~very
unlikely~ unplugging of the servers - buyers will return and the
shorts will have to cover.
I've been holding a substantial stake as well since the IPO... and
sleeping just fine at night.