(NASDAQ:PVSW) 2011 Sees No Insider Buying But Much Insider Selling, Share Buybacks a Sham?
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, CTO, Disposed 11,918 shares @ 6.52 (77,705) and Disposed 57,600 @ 6.37 ($366,912) [Total of $444,617]
5/13/2011 Michael Hoskins, CTO, Disposed 50,000 shares @ 6.52 ($326,000)
6/21/2011 Michael Hoskins, CTO, Disposed 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, CTO, Disposed 9,000 @ 6.67 (60,030)
8/29/2011 Michael Hoskins, CTO, disposes of $590,846 PVSW common
(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)