Just checked in on an Insider Trader Summary service and yes, Cal DID file a FORM 144, indicating an intention to sell "another 50,000 shares". However, as I pointed out above, a 144 doesn't obligate someone to sell, an it is required to be filed within certain restricted trading periods.
Form 4s are required to be filed within the 10th working day following the month in which an insider actually sold stock. So far, I can't find where Cal had actually sold his original 144 stock filing, nor do I see where he sold on this filing.
So, to wrap up, he has again filed an intent to sell 50,000 shares. Is it the original 50,000 shares filed again? Who knows. But, it is ONLY AN INTENT! Also, he's no longer with the company, so he's not obligated under the political pressures to not do these types of things before news is out, or for whatever other reason. Obviously, a filing to sell your stock when it's already down to $5 would be perceived as not good. BUT, it's an intent, and maybe he's "on to something"....pure speculation I know, but I couldn't help it! |
