Insidersalg i Spectrum Pharmaceuticals

By Karl M. Bidstrup On 12. October 2012 · 3 Comments · In Spectrum

Der er for tiden mange insidersalg i Spectrum Pharma. Herunder især Rajesh som skal sælge 870.000 aktier og som stadig mangler omkring 500.000 aktier. Jeg vil lige starte med at sige at insidersalgene kun svarer til under 15% af personernes samlede portioner og altså ikke skal ses som udsalg før lukketid. Det der er irriterende ved insidersalgene er at især Rajs insidersalg er sat som Rule-4 trading plans der vil sælge aktierne når kurserne går over 12,5. Dette gør at det stopper enhver optrend i aktien. Samtidig ser det dog ud til at buyback programmet stopper enhver nedtrend under 11,5. Derfor er aktien nu indsnævret i et smalt tradinginvertal mellem 11,5 og 12,5 det næste stykke tid indtil FA eller andet kan bryde denne.

Jeg har lige for syns skyld valgt at blotte kursen sammmen med insidersalgene:

About Karl M. Bidstrup

Tidligere ejer af Medicoinvestor.com Strategien har gennem mange år været at profitere på etablerede aktier, og brænde det hele af på Bioporto... Sad but true. Kontakt mig på medicoinvestor(A)gmail.com hvis du har en million du ikke ved hvor du skal gemme, så skal jeg nok holde den for dig. 🙂

3 Responses to Insidersalg i Spectrum Pharmaceuticals

Investor1989 says:

13. October 2012 at 10:39

You say they get paid handsome in Cash.
That isnt actually true. Raj is paid 800.000$ and the other executives (Scott, Shiels, Keller) is paid about 500.000$.
Scott have only sold 6.000 shares and the other sells is from board directors.. So the only insider i actually pays atention to is Raj.

If you include options, resticted shares and warrants he have well over 6 mio. shares ind Spectrum. And he is actually selling about 800.000. Do your %. This is about 12-13% of his total holdings. not so much.

Maybe he wants a new house, his grand children needs money. He is 70 years old. Of couse he should cash money in at give it to his family. Also there can be tax issues. When he gets the restricted shares over the next years, the tax will hit him from the amount between 0 and the share price. Så mabye he just need cash in his hands.

I will say, i dont like it. But i dont think it is a huge bad sign. People should think. Why would Ken Keller invest 100.000 money in Spectrum, move from another part of the country and have limitations on all his options in Spectrum (to at minimum 2013) if something was wrong???

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Medicoinvestor says:

12. October 2012 at 15:47

If Spectrum is so significantly undervalued and so poised for growth like you guys have been pitching to investors why have insiders set 10b5-1 trading plan that automatically sells shares at the 1st opportunity the share price reaches $12.5 ??

If insiders believe in the value of the company why is there a need to sell at these supposedly deep discounted prices ?
The company's management does get paid handsome cash salary.

10b5-1 trading plan can be canceled or modified.

Please explain this small nugget of information to shareholders.

Blog: http://imhobutdoyourdd.blogspot.com/

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MnnP says:

12. October 2012 at 14:11

now place Short Shares per FINRA on that graph, and see what REALLY happened;
Nearly every form 4 , 144 was followed by unusual short % days.
~http://www.shortvolume.com/

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