DaveF
Although I was short ACRT in the past, i closed them out and currently hold no position. That said, I need to respond to your comments on "integrity" in this post. .
Since I have been investing, it is only recently that I have been looking long and hard at the SEC filings. I get sick when I see an award of options made at the lowest price of the quarter representing ~10% of the outstanding shares in a company. Although this is legal, I think it is absurd, you want to give options, give incentive options i.e priced over the highest price in the quarter or say at least at the average in the quarter.
Please do not respond with some remark that he has subsequently canceled the options unless you are prepared to defend the position that they will not be re-issued at a lower price.
The only reason to point this out, is that people who want to buy this stock need to look at the SEC filings. Look at the management history, (do they buy stock, do they sell it, how are options decided on and awarded, how are existing stock holdings diluted or is the company buying back stock. )
Does the company have a record of increasing shares every year ? if so, how is that happening, ie is the company getting money out of these deals or just the "inside ownership"
Ask the questions and then look at the SEC filings and get the answers. Don't get them on this thread. Look to the threads for hints and ideas but do you own research. imho |
