Insiders appear to agree that N is overvalued, as over the last six months they've sold 1.7 million shares (4 % of
insider shares held) while making no purchases.
Not exact matches
Under the securities laws in Canada, an «
insider» of Caledonia (which would include a shareholder who beneficially owns, controls or has direction over more than 10 % of Caledonia's common
shares) is required to report their
holdings in accordance with the applicable regulations.
Insiders aren't jumping ship just yet, but the fact that they've sold 220,000
shares (5 % of
shares held) with no purchases over the past six months suggests that they recognize the risk and are hedging their bets.
There's usually a lock up period of between 90 and 180 days to prevent
insiders such as company's management and early investors to sell their
holding of the
shares of the company.
Even though these
share acquisitions represent a small fraction of
shares outstanding, the fact that
insiders are adding to their
holdings signals confidence in the future of the company.
A company's stock currently
held by all its shareholders, including
share blocks
held by institutional investors and restricted
shares (owned by the company's officers and
insiders).
Calculated by starting with a firm's total outstanding
shares and subtracting a) closely -
held shares (major shareholders and employee) and b) restricted stock (
insider shares that can not be traded because of a temporary restriction such as the lock - up period after an initial public offering).
Secondary distribution: In underwritings, the sale of previously issued
shares, such as treasury stock or
shares held by
insiders.
Stock currently
held by investors, including restricted
shares owned by the company's officers and
insiders as well as those
held by the public.
As of March 2013,
insiders own 23 % of the fund
shares, including 8.4 %
held by the Driehaus Family Partnership.
The issuing company might not benefit at all because the
shares are offered for sale by private shareholders, such as directors or other
insiders (like venture capitalists) looking to diversify their
holdings.
The biggest deterrent was the Titanic brand name and the fact that an
insider held close to half of the
shares.
As one
insider reminded me, if all that matters is maximizing the
share price and you
hold a great number of
shares and options, your primary focus will probably be on that protecting and growing that price.
In Dorozhko, the 2nd Circuit
held that the SEC can proceed with fraud charges against a hacker for engaging in
insider trading even though he owed no fiduciary duty to the company whose
shares he traded.
As Lord Denning MR stated in Wallersteiner v Moir (No. 2)[1975] 1QB 373 CA: «But suppose [the company] is defrauded by
insiders who control its affairs — by directors who
hold a majority of the
shares — who can then sue for damages?
What's unusual about Spotify's direct listing on the stock market this week is that company
insiders are not required to
hold onto their
shares — in what's called the lock - up — for an extended period of time.
As Crowdfund
Insider shared last week, the House Financial Services Committee, Subcommittee on Capital Markets, Securities, and Investment will
hold a hearing entitled «Examining Cryptocurrencies and ICO Markets.»