Paradice interview and his take on "CEOs putting themselves first" (jump to 7.40 mark) -
Glennon presentation and his take on "what to look for in microcaps" (just to 0.58 mark) -
At the end of the day it's common sense from an outsider looking in - what does Cohen/Andrews/Torres/McCool/Light say to the market about their own long-term growth strategy and outlook if they then turn around and sell their own shares?
Which explains why even Steve Johnson said that no other fundie wanted to touch this stock given damage to management credibility. At the moment very little insto support to FIG outside of Forager.
In the meantime it looks like the accumulator bot might be thinking whether to possibly re-test new lows by taking down the support level 38 - 39.5c on the buy side. Is it worth selling ~0.5m shares bought in the same range couple of weeks ago and see whether anyone else would jump in to buy or out with a stop at this point in time ...
Would have thought any insiders or early entrant sell-down would have been close to sold out by now ... my own speculation here of course.
FIG Price at posting:
40.0¢ Sentiment: None Disclosure: Held