!!!!!PERSONAL FINANCE 101!!!!!! -!!!!!144 FILINGS!!!!!!!!!! Greetings everyone, I felt compelled to re-post this to the SI Thread from the Raging Bull Thread with permission from Z.
JMHO
There has been a lot of argument back and forth about the 144's. Well, how about this scenario?
The management of FNTN are real people with real needs, desires, hopes and dreams like the rest of us. They took positions at FNTN at much reduced salary and benefit packages than they could have received elsewhere in the open job market. In return, they took some stock and/or stock options.
Why would they do this? Could it be that they see the potential for even greater gains in the future? In the mean time, they have to continue to satisfy their current needs as they may arise.
Having taken less up front, they place themselves on the edge of not being able to meet unforseen expenses that may come up and potential personal financial suicide. For "insurance" against such, they file 144's should such an occasion arise. They are being up front with the investor. They are saying, "Folks, at some point, should the need arise, I will sell some stock for personal reasons." Would you rather see all of a sudden several sales go thru and everyone panic, "Something must be wrong, management is selling."
Question to anyone that knows?? (I don't) What does the dollar amount in the 144 represent. Are there any restrictions as to what they may sell for compared to this amount? I just find it interesting to notice that almost each entry made by any of the management is higher per share than the last.
Take a look at Sheppards listings.
Mar .3065 @share
Apr .2500 @share
Jun .6200 @share
Jul 1.5100 @share
Looks to me like his expectations are increasing share prices. And he has not yet sold any that I can tell. Wouldn't you think he would be selling if he thought the price would never go higher? He also must be doing ok on a personal level. Therefore, he is holding Long and Strong. Actually gives me some comfort level.
Now, If I saw all the insiders suddenly start to sell the maximum limit at every oppurtunity, then I would have cause to pause. Let's just not be guilty of not giving the laborer his just due.
Believe me, unless he is a complete idiot, he is in this to make money and I hope he and his associates get rich and I can make a little also being a coattail investors. At some time I hope to see them sell some to reap the rewards of their hard work and vision. I expect to sell in the future for a profit also. Anyone here without that expectation had better question why they are here.
And if you can't support your investment, you should also start looking for a way out.
Z
Best regards,
Bill Fortune III
|
