> Just people who "happen" to own alot of shares you say........?
Yup... that's what I said all right. :-)
> Someone who owns more than 5% (possibly much more) isnt someone
> who "happens" to do anything.
It depends on how you define the concept of "happen". It doesn't mean that they didn't purchase (or receive as in-kind compensation) shares for a reason. But, regardless, they happen to own a boatload of shares. They may even own 10 times as many as they've registered. Without those facts, you can only surmise why they own them. They just "happen" to own them.
>I think posting the info is important,
I didn't say it wasn't. What I did say is that it filing isn't necessarily a reflection of the holder's negative view of the future of the company. It can easily be a positive reflection where the holder expects the price to increase.
> anyone can put whatever spin on it they want.
Sure. And anyone else can disagree with the spin that someone else puts on things. They can even say that it reminds them of their mother. :-)
> And if your so calm, Hls -why do you check these boards and read the posts :) ???
Hey, some people paint... some people knit... I read about stocks. It's a hobby. It's fun. :-) Besides, you never know when you might come up with some diamond in the rough reading what other people say.
> For someone to sell $50,000 approx worth of stock before the big
> NAMA show (where there are sure to be press releases, ect)
> must make you curious!)
Whoa! Nothing says that they're selling before NAMA. Form 144 is only a notice that someone wants to sell restricted securities or securities in excess of 500 shares/units or $10,000 within a three month period. That gives them until the end of January. It could well be that the filers in this case are expecting a runup during/after NAMA and are preparing to cash in some/all of their shares. Or maybe they're filing in anticipation of shipping machines before the end of the year. (Profit-taking, can you say that? Sure. I knew you could. *grin* ) Or even if they're taking a loss, maybe they're planning on offsetting some other capital gains. We certainly don't have enough information to determine the reason. If you want to be the Voice of Impending Doom, feel free... It'll make me feel right at home. :-)
What I'm not sure about is whether filing actually forces them to sell the shares they've filed on.
Let me grab the SEC description of Form 144...
Form 144
This form must be filed as notice of the proposed sale of restricted securities or securities held by
an affiliate of the issuer in reliance on Rule 144 when the amount to be sold during any three
month period exceeds 500 shares or units or has an aggregate sales price in excess of $10,000.
It says "proposed sale"... sounds like they don't have to sell if they change their minds (or the price doesn't run up the way they think it will). (Ooooo... that's a negative thought! :-) |
