crimson...
Paulson sold too, but they also bought more than they sold.
Here it is time to step in. Sorry but I have to clear things up a bit when I read such loosely made statements. That comes near to a misrepresentation.
Paulson and Cheney bought NAVR shares... but they bought them at a fraction of the prevailing market price. They can sell and sell and never ran out of shares. Per the filings Paulsen sold on Feb 04 and 05 and "restocked" by an options exercise just the next day, Feb 08.
Interesting that Paulsen got a better price than Cheney. Is his broker more savvy?
This outright "cashing out" on the backs of the ordinary shareholders is that ridiculous....that stock doesn't hit 60, the insiders fork it down everytime.
The DBCC insiders cashed out after the MKTW IPO not too much before, leaving a better price for "us".
C.
InsiderName Rel # of Shares Trans Type Trans Date(s) Trans Price(s) Total Holdings Share Type D/I Own Input Date
PAULSON, ERIC H. PR 171,762 B* 02/08/99 2.25 4.38 n/a OPTION 03/10/99
PAULSON, ERIC H. PR 110,000 S 02/05/99 - 02/04/99 21.00 2,277,019 COM D 03/09/99
CHENEY, CHARLES E. EX VP 40,000 B* 02/05/99 1.10 0 OPTION 03/10/99
02/05/99 CHENEY, CHARLES E. EX VP 150,000 S 02/04/99 - 02/03/99 17.00 - 19.89 450,720 COM D 03/09/99 |
