BILL JUST POSTED on FITX FB page: Bill Cenergy:
Post# of 56323
Posted On: 05/17/2014 5:01:05 PM
Re: any1butyou #24179
BILL JUST POSTED on FITX FB page:
Bill Cenergy:
To clarify, I had over 150 million shares. I hadn't sold any for a very long time. I privately funded creative since I started as CEO for over 2 years. I have signed personally on many things for Creative. I started selling some shares the last 120 days. I have to slowly sell into the market so it doesn't affect share price. Hypothetically, should insiders sell into "big" news with a whole block of shares or should they sell slowly over a period of time. If a big block is put up for sale it could stop the price from going up or make the price go rapidly down. By law insiders are allowed to sell 1% every 90 days. Insiders have a right to sell and they need to sell when they are not getting paid.
3 mins ·
Bill Cenergy:
To clarify, I had over 150 million shares. I hadn't sold any for a very long time. I privately funded creative since I started as CEO for over 2 years. I have signed personally on many things for Creative. I started selling some shares the last 120 days. I have to slowly sell into the market so it doesn't affect share price. Hypothetically, should insiders sell into "big" news with a whole block of shares or should they sell slowly over a period of time. If a big block is put up for sale it could stop the price from going up or make the price go rapidly down. By law insiders are allowed to sell 1% every 90 days. Insiders have a right to sell and they need to sell when they are not getting paid.
3 mins ·
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