morgan, I think you give KP way too much credit. You mean to tell me that somehow he knew in November (his selling window) that NITE stock was close to a top. In fact the top was closer to 55 than 45. But regardless, somehow he knew in Nov, prior to an amazing Dec, and and even better Jan, that the stock would revisit the 23-35 range in 1Q? Its simply not possible for KP to have envisioned a blowout quarter, a very upbeat CC, and an even better Jan, all leading to this share debacle. Although I don't agree at all with his selling of shares at lows, selling in an uptrend is the way to do it. When things are going well, and looking to get better (for shareholders), it doesn't look as bad to sell. However, in the current situation, I would love to see the company take a stand, and make an announcement to suspend all insider selling "given the current undervalued situation". I doubt they will do it, but it would certainly go a long way to re-instilling investor confidence.
And the relationship of the current stock price to the Arbitrade collar. In fact, this collar protected Arbitrade from a share slip before the deal closing. But the deal closed with NITE above 35, so the Arb deal actually worked out most beneficial to NITE holders.
I fail to see any linkage with this range, and where the share price is today. I fail to see it because there is no linkage. They are too completely separate events. You were wrong back in Nov when you berated the mechanics of the deal, and proposed an alternative that would have had NITE paying a straight up share amount for Arb. You were right back then to assert that we might revisit the level, but the fact that we are here, simply has nothing to do with that collar.
gary |
