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It was a sale that had been scheduled months previously, and it should by now be obvious that the trial really was successful!
by Sebguer 6y ago
It was a sale that had been scheduled months previously, and it should by now be obvious that the trial really was successful!
- waheoo 6y agoYou think it's hard to schedule a well timed press release in a way that works in well with your predetermined share sales?
- wpietri 6y agoI don't know about this sale in specific, but isn't it a common trick for execs to schedule sales in advance and then cancel if it turns out not to be the right time to sell?
- fractionalhare 6y agoNo, the SEC also considers that illegal insider trading. They actively monitor for this "trick" and aggressively pursue an investigation if there isn't a very good reason for a scheduled trade to be cancelled.
- kennywinker 6y agoSo he didn't know this was the date that the trail results would be announced months previously?
- Sebguer 6y agoThis chain of thought would make sense if the press release were overly optimistic or otherwise misleading... But he didn't even sell at the peak?
- ALittleLight 6y agoOr he could've influenced the announce date to coincide with his sale.