A Question On Stocks

UPDATE 8:29pm: The January sales were apparently forfeitures of shares because YTB did not meet some criteria for them to retain the shares. However, Scott transferred over 6 million shares into a private LP controlled by him and his wife. It is undetermined if the LP still holds the assets. The timing of this transfer is suspicious--30 days after the AG files suit. And then Scott does not report this for 7 months. BUt he did say that the SEC was not his expertise.

UPDATE 5:24pm: Not to be outdone, Little Scotty is reporting that he sold 6.5 million shares as well. Wow, that is almost 54% of his holdings. (Note: Ainsworth pointed out the majority of Scott's shares were sold in 2007 but the sale is just now being reported.)

Why would the Chairman of YTB sell off 15% of his stake in this golden "opportunity" on January 3, 2009?

I dunno, probably for the same reason that the Vice Chairman did.

Seems like the leadership is not feeling too confident. Wanna bet when the next SEC reports are filed for Cauthen and Clagg?