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Coates International COTE
(Total Views: 604)
Posted On: 02/25/2017 11:15:59 PM
Post# of 3605
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Posted By: grubstake
If my reading of the form 4/A is correct, Barry converted B shares to common shares. There is no indication that any shares were sold. That would require another form 4 disclosure. Someone please correct me if I'm wrong.

I have never seen a Coates insider sell any converted B shares. That would require a form 4 disclosure. It would also be a no confidence indicator worse than dilution and a catalyst for a drop in the SP.

Assuming my premise is correct, the question is why did he convert his B shares if he is not intent on selling them? Just asking.













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