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Technology Stocks : MODA Modacad (Nasdaq: IBUY) -- Ignore unavailable to you. Want to Upgrade?


To: Know Genius who wrote (345)12/3/1998 4:43:00 PM
From: Janice Shell  Read Replies (1) | Respond to of 409
 
Seems to be a pattern, doesn't there? They sell shortly before the end of the quarter. Will they do it this time?



To: Know Genius who wrote (345)12/3/1998 5:24:00 PM
From: Smilodon  Respond to of 409
 
Actually, they do have pretty good salaries,

<<<Not defending them I think they were scum for selling but they said that they needed the money since they don't have big salaries<<<

One of the reasons I started looking at them as a short, was the fact they gave themselves raises to $200K per year and signing bonuses ($100K I think) even though their existing contracts had not expired. $200K is pretty hefty for a company of this size when you are also getting stock options. It looked to me like they were doing some self dealing.

Just my opinion,

Archer