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gnulaw (51.36)

(NASDAQ:PVSW) 2011 Sees No Insider Buying But Much Insider Selling, Share Buybacks a Sham?

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September 02, 2011 – Comments (22) | RELATED TICKERS: PVSW , CRM , ORCL

 There has been no insider buying of PVSW shares in 2010, however, there has been significant insider selling by the CTO and certain Director(s). Pervasive has failed to increase shareholder value during certain Director's tenure, however, said Director's continue cashing in the alleged fiat printing of Director's options not based on performance, while management boasts of their share buybacks track record. Who exactly is benefitting from these share buybacks? This looks more like a private bank for the Directors. It is time for new Directors, an end to share buybacks, build cash and or engage in highly selective technology acquisition(s)(.)


And two more questions:


1. Is Pervasive DataRush's Chief Scientist working for two companies simultaneously, Pervasive and Click Forensics nka Adometry? 


2. Where is Pervasive's SEC FORM 10-Q for the period ending June 30, 2011? 



Issues of Fact:

3/9/2011 David Bradford, Director  Disposed 10,000 shares @ $5.65 ($56,500).

5/9/2011 Michael Hoskins, CTODisposed 11,918 shares @ 6.52 (77,705)  and Disposed 57,600 @ 6.37 ($366,912) [Total of $444,617]  

5/13/2011 Michael Hoskins, CTODisposed 50,000 shares @ 6.52 ($326,000)  

6/21/2011 Michael Hoskins, CTODisposed 100,000 shares @ 6.40 ($640,000) 

7/29/2011 David Bradford, Director since 1995, Disposed 10,000 shares @ 7.04 ($70,400) 

8/8/2011 David Boucher, Director since 1995, Disposed 2,740 @6.30, Acquired 10,000 share option at 1.71 

8/26/2011 Michael Hoskins, CTODisposed 9,000 @ 6.67 (60,030) 

8/29/2011 Michael Hoskins, CTOdisposes of $590,846 PVSW common

 

References:

(Aug 22, 2011)  (Pervasive:PVSW)? HPQ Dumps PCs, Tablets, Mobile in Seismic Business Shift to Software and #BIGDATA

(April 22, 2011)  Target #3. Pervasive Software (NASDAQ:PVSW) 

22 Comments – Post Your Own

#1) On September 02, 2011 at 10:06 AM, gnulaw (51.36) wrote:

>>There has been no insider buying of PVSW shares in 2010

 [CORRECTION] There has been no insider buying of PVSW shares in 2011

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#2) On September 02, 2011 at 3:05 PM, gnulaw (51.36) wrote:

According to TradingDay.com and Yahoo! Finance PVSW has not seen any insider buying on the open market as far as the records go back (as of October 2009*). This says everything about the mindset of senior management and the Board of Directors as well as corroborating the fact the PVSW Board needs a shakeup and possibly senior management. This is simply very disturbing.

 

* http://finance.yahoo.com/q/it?s=PVSW+Insider+Transactions

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#3) On September 10, 2011 at 11:29 AM, gnulaw (51.36) wrote:

TIme to shake things up at Pervasive?

 

On stealth PVSW competitor, Platfora.

Big Data Start-Up Platfora Lands $5.7 Million From Andreessen Horowitz

Source:

(Sep 8, 2011) http://finance.yahoo.com/news/Big-Data-StartUp-Platfora-allthingsd-4096085931.html?x=0&.v=1

 

Platfora gets $5.7M to make Hadoop mainstream

Source: 

(Sep 8, 2011)  http://gigaom.com/cloud/platfora-gets-5-7m-to-make-hadoop-mainstream/?utm_source=earth2tech&utm_medium=specialtopics

 

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#4) On September 12, 2011 at 5:59 AM, gnulaw (51.36) wrote:

 

SEC Form 10K For Fiscal Year ending 30 June 2011?

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#5) On September 13, 2011 at 6:55 PM, gnulaw (51.36) wrote:

SEC Form 10K For Fiscal Year ending 30 June 2011 filed 13 September 2011 announced after the closing bell.

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#6) On September 13, 2011 at 7:33 PM, truthisntstupid (93.09) wrote:

http://caps.fool.com/Blogs/disappearing-buybacks/317600

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#7) On September 23, 2011 at 5:39 PM, gnulaw (51.36) wrote:

Nice truthisntstupid. Much appreciated.

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#8) On September 27, 2011 at 11:06 PM, gnulaw (51.36) wrote:

PVSW strategic alliance partner PRGS -11.51% (-$2.31 to $17.08) in after hours trading 9/27 after reporting Q3 2011 numbers . Shares were halted at 4:27 PM EST...

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#9) On September 29, 2011 at 7:42 PM, gnulaw (51.36) wrote:

PVSW not looking well having now closed below all moving averages. Again, it is really disturbing that there has been no insider buying but exclusively insider selling. Are the insiders telling the world loud and clear that PVSW shares are overvalued and only good for selling esp in light of continuing YoY decreases in earnings and revenues from licenses for the three years ended June 30 2009, 2010, 2011?  It is simply a given that there be an immediate change to the Board of Directors and an immediate end of share repurchases. 

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#10) On October 03, 2011 at 7:40 PM, gnulaw (51.36) wrote:

(UPDATE) October 3, 2011 -  PVSW closes down 8.17% on 1.25 ADV (3 mo) as (NYSE:HPQ) closes its $11.7B acquisition of Autonomy and bet on Big Data 1. PVSW to announce Q1 2012 numbers ending 30 September 2011 on October 25th after the market close.

PVSW filed its DEF 14/A today. VOTE NO for Director Nominees Nancy Woodward and Shelby Carter.  Given a failure to create shareholder value PVSW's shareholder plan for its Board of Directors arguably represents nothing more than a private Director's and insiders ATM without a requirement to deposit funds nor based on performance.

 

1. (Aug 21, 2011) (Pervasive:PVSW)? HPQ Dumps PCs, Tablets, Mobile in Seismic Business Shift to Software and #BIGDATA

 

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#11) On October 26, 2011 at 6:15 PM, gnulaw (51.36) wrote:

Pervasive (NASDAQ:PVSW)

With all due respect John Farr, CEO, is too close to the situation to realize he is hobbling PVSW shareholder maximization. There needs to be a very short-term disruption to both PVSW Sr. management and the Board of Directors (.) 

It simply wasn't making sense that Management and the BoD of PVSW continue to fail to increase shareholder value including attracting substantive analyst interest given management's consistent attendance at investor and technical conferences. Yesterday's conference call will provide immediate and disturbing evidence. Listen for yourself.

Pervasive Software CEO Discusses F1Q2012 Results - Earnings Call Transcript 

 

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#12) On October 27, 2011 at 8:36 PM, gnulaw (51.36) wrote:

Q2 2012 Conference Call

John Farr simply lacks CEO fire, passion, vision, fails to establish confidence with his shareholders...and where is

1. PSQL Vx ?

2. PSQL v12 ?

And  why has Farr failed to monetize Patent number: 7725875 Automated world wide web navigation and content extraction and

Why so few patents (over a 30 year history) when company boasts of 25% r&d expenditures and PVSW's Innovation Labs

4.  Something is not right here.

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#13) On November 10, 2011 at 8:52 PM, gnulaw (51.36) wrote:

Who is David Bradford?

(Nov 7 2011) HireVue Welcomes Technology Luminary David Bradford as CE.

David Bradford, Director, PVSW since 1995.

3/9/2011 David Bradford, Director  Disposed 10,000 shares @ $5.65 ($56,500).

7/29/2011 David Bradford, Director since 1995, Disposed 10,000 shares @ 7.04 ($70,400)

How has shareholder value been created in the 16 years David Bradford has been a Director? How much has he personally benefitted? Story developing...

 

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#14) On November 18, 2011 at 1:24 PM, gnulaw (51.36) wrote:

>>PVSW filed its DEF 14/A today. VOTE NO for Director Nominees Nancy Woodward and Shelby Carter.  Given a failure to create shareholder value PVSW's shareholder plan for its Board of Directors arguably represents nothing more than a private Director's and insiders ATM without a requirement to deposit funds nor based on performance.

 

PVSW filed SEC Form 8-K November 17th, 2011 pursuant to said DEF 14/A approving said nominations of Nancy Woodward and Shelby Carter.  Non-insider shareholders plan to accordingly vigorously pursue PVSW largest shareholders * to shake-up said entrenched management and Board of Directors. Story developing... 

Note: Consistent exclusive SELL orders by insiders.

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#15) On December 02, 2011 at 3:10 PM, gnulaw (51.36) wrote:

>>PVSW filed its DEF 14/A today. VOTE NO for Director Nominees Nancy Woodward and Shelby Carter.  Given a failure to create shareholder value PVSW's shareholder plan for its Board of Directors arguably represents nothing more than a private Director's and insiders ATM without a requirement to deposit funds nor based on performance.

Insider ATM activated again? by recently approved Board Nominee Nancy Woodward. Company issues 10,000 shares at $.01 not based on performance as company fails to create non-insider shareholder value .

 

 

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#16) On January 05, 2012 at 12:57 AM, gnulaw (51.36) wrote:

Share buybacks:In Perspective

PVSW Board turns on insider ATM again... issued 280,000 shares at $.01 cost to insiders between Dec 1 and Dec 30 at a valuation of $1,646,000 based on transaction date closing price (Dec 1 and Dec 30). 

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#17) On February 29, 2012 at 6:59 PM, gnulaw (51.36) wrote:

Lance Speck, VP Integration Products, disposes shares acquired as option awards. There has been no purchases on the open market by any PVSW insider. All shares have been acquired through option issuances not tied to performance and then disposed of on the open-market. A closed-loop ATM funded by non-insider shareholders.

Non-insider shareholders simply expect a tight company run with integrity, including option awards based on performance. PVSW is generating revenues at 2005 [and] 2009 (comment #5) levels???

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#18) On March 09, 2012 at 10:28 AM, gnulaw (51.36) wrote:

Insider ATM Back on? Looks like it  (Feb 29, Mar 5,8) and as of 10:20 AM ET there are 20,100 shares to SELL at $6.05 Is this PVSWs idea of a share repurchase program?

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#19) On March 17, 2012 at 7:24 PM, gnulaw (51.36) wrote:

Q: Comment #18 above.

A: Yes, transaction date: March 9th, Filing Date: March 13. Recent Form 4s Insider selling here.

Comment: Sad to think increased volume (March 9) is due to Insider SELLing with the mindset with consistent and continuing patterns of option issuances not based on performance will replenish Insiders' equity positions.Textbook Insider shareholder value creation/maximization at the expense of non-insider shareholders.

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#20) On March 22, 2012 at 4:12 PM, gnulaw (51.36) wrote:

Insider SELLing continues (March 1 - March 19) for the General Manager of Database Products.

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#21) On September 02, 2012 at 4:36 PM, gnulaw (51.36) wrote:

>>Who is David Bradford?

(Nov 7 2011) HireVue Welcomes Technology Luminary David Bradford as CE.

David Bradford, Director, PVSW since 1995.

3/9/2011 David Bradford, Director  Disposed 10,000 shares @ $5.65 ($56,500).

7/29/2011 David Bradford, Director since 1995, Disposed 10,000 shares @ 7.04 ($70,400)

How has shareholder value been created in the 16 years David Bradford has been a Director? How much has he personally benefitted? Story developing...

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#22) On September 02, 2012 at 4:40 PM, gnulaw (51.36) wrote:

>>B Riley Downgrades PVSW The Day Before Earnings Call. Pervasive CTO SOLD 150,000 shares in the last half of the last month, i.e. days before the end of Pervasive's Q4 FY ending June 30, 2012 (see above comments #11 - #19). Not only were these stock SELLS during the alleged Blackout/Quiet/Closed Trading Window period for Pervasive insiders esp given the fact the CTO is a Director but these trades may also be an alleged violation of the Insider Trading Sanctions Act of 1984 and the Insider Trading and Securities Fraud Enforcement Act of 1988.

Q1. How does B Riley issue a downgrade the day before the Earnings Call?

Q2. What did the CTO know and when did he know it?

Source:  Comment #20

Story developing...

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