Posted On: 03/12/2015 3:54:10 PM
Post# of 30066
Re: biotechexpert #18073
None of us know what, if any, restrictions Gerald is under at the current time. He purchased shares only a few months back, but a lot has happened since then. If we follow his comments during recent presentations, there are a number of aspects he can't comment on. It's very possible those negotiations now extend to his ability to purchase shares, particularly in light of SEC regulations restricting insider trading activity during such negotiations.
Just because he makes an off-mic comment that "he'd be buying all he can at 8 cents" doesn't translate into that being a lie or trying to mislead anyone. He has clearly demonstrated over the last several years his faith in the company buy purchases shares with his own money, in addition to the shares awarded him for his work as CEO.
You might ask the question why doesn't Warp purchase shares under 8 cents if he believes so strongly in the company. I assure you, I really would like to, but I have other obligations, namely the IRS to deal with, given my large Roth conversion done in 2013, and prudence dictates I address the tax bill associated with that with every spare dollar I generate, rather than buy more shares when I already own a ton at a very low cost basis. I am demonstrating my solid faith in the company by locking in the conversion (as well as the resulting tax bill). Once I work through that with paying from wages, I'll certainly be back to buying more shares.
There are reasons for every decision to act or not to act. You're making speculations without having all the facts. Claiming Gerald is misleading us or is demonstrating lack of character by not following his own advice is pretty petty, especially when one is operating without the facts.
Just because he makes an off-mic comment that "he'd be buying all he can at 8 cents" doesn't translate into that being a lie or trying to mislead anyone. He has clearly demonstrated over the last several years his faith in the company buy purchases shares with his own money, in addition to the shares awarded him for his work as CEO.
You might ask the question why doesn't Warp purchase shares under 8 cents if he believes so strongly in the company. I assure you, I really would like to, but I have other obligations, namely the IRS to deal with, given my large Roth conversion done in 2013, and prudence dictates I address the tax bill associated with that with every spare dollar I generate, rather than buy more shares when I already own a ton at a very low cost basis. I am demonstrating my solid faith in the company by locking in the conversion (as well as the resulting tax bill). Once I work through that with paying from wages, I'll certainly be back to buying more shares.
There are reasons for every decision to act or not to act. You're making speculations without having all the facts. Claiming Gerald is misleading us or is demonstrating lack of character by not following his own advice is pretty petty, especially when one is operating without the facts.
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