Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
How can you make a statement about insider information being negative if you say that board members have information that is not released to the public?
Just based on price. Board members can insider trade. There are no rules to stop them from doing so. If board members had reason to believe that AM was going to perform well and start paying dividends in the foreseeable future, they would buy more shares, and that would raise the price. Clearly, that hasn't been happening. Therefore, any insider information that exists is, at the very least, not sufficient to warrant a stock price higher than what it currently is.
I have to disagree with this..
1/ boardmembers have 5k+ AM shares, so why would they bother with 100+ shares here and there?!
2/ if insider information would be negative, they could not liquidate all their shares anyway so it would be better not selling at all and hoping for the best (thats what boardmembers are meant to do, as in sinking with the ship)- if not doing the exact opposite by pumping to get a better selling price
3/ if insider information would be positive, they still would have 5k+ shares anyway so it would not matter pumping the price up - better do the opposite obviously, squeezing the weak crying babies.
Hence, given 3/ and the current situation, *if insider trading there was, i would tend to think that there is positive information.
But to me it is just the market price due to lack of divs (and communication), not to mention the illiquidity of the shares. Once they resume i expect a nice firework tho
